Which of the following is not a component of the COSO Enterprise Risk Management Integrated Framework (ERM)?
A)Monitoring.
B)Ethical culture.
C)Risk assessment.
D)Control environment.

Question

Quizplus · Accepted Answer

Ethical culture is not one of the five components of the COSO ERM Integrated Framework - the five components are control environment, risk assessment, control activities, information and communication, and monitoring. However, an ethical culture can be considered an important aspect of an effective ERM system.

Which of the Following Is Not a Component of the COSO