The Enterprise Risk Management (ERM)framework Is Based on the 1992

question 69

Multiple Choice

The Enterprise Risk Management (ERM) framework is based on the 1992 COSO report and adds three additional components for an effective internal control system.Which of the following is not one of those three?

• A)Objective setting
• B)Event identification
• C)Control assessment
• D)Risk response

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Definitions:

Internal Organs

Organs located inside the body that perform essential functions, such as the heart, liver, kidneys, and lungs.

Glands

Organs in the body that secrete hormones or other substances directly into the blood or onto a surface within or out of the body.

Sensory Neurons

Nerve cells that transmit sensory information (sight, sound, touch, etc.) to the central nervous system.

Motor Neurons

Nerve cells forming part of the pathway along which impulses pass from the brain or spinal cord to a muscle or gland, facilitating movement and action.