Which of the following statements concerning the COSO Enterprise Risk Management Integrating with Strategy and Performance Framework is TRUE?
A) It embeds risk management throughout the organization as a prime responsibility of management and the board of directors.
B) It is more comprehensive than the COSO Internal Control Integrated Framework because it focuses on all types of risks.
C) Its principles apply to all functions across all levels of an organization.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

The COSO Enterprise Risk Management Integrating with Strategy and Performance Framework is designed to be comprehensive and applicable across all levels of an organization, emphasizing the embedding of risk management into the organization's operations as a responsibility of both management and the board of directors. It covers all types of risks, making it more comprehensive than the COSO Internal Control Integrated Framework, which is more focused on internal controls.

Which of the Following Statements Concerning the COSO Enterprise Risk