The ERM framework addresses four categories of management objectives.Which category ensures the reliability of the financial statements?
A)compliance
B)operations
C)reporting
D)strategic

Question

Quizplus · Accepted Answer

The reporting category in the ERM framework ensures that the financial statements are reliable and accurate. The compliance category focuses on adhering to laws and regulations, the operations category focuses on efficiency and effectiveness in operations, and the strategic category focuses on the organization's long-term goals and objectives.

The ERM Framework Addresses Four Categories of Management Objectives