The COSO Enterprise Risk Management Integrated Framework stresses that
A)risk management activities are an inherent part of all business operations and should be considered during strategy setting.
B)effective risk management is comprised of just three interrelated components;internal environment,risk assessment,and control activities.
C)risk management is the sole responsibility of top management.
D)risk management policies,if enforced,guarantee achievement of corporate objectives.

Question

Quizplus · Accepted Answer

The COSO Enterprise Risk Management Integrated Framework emphasizes that risk management should be considered during strategy setting, making choice A the best option. Choice B is incorrect because there are actually five interrelated components identified in the framework, not just three. Choice C is incorrect because risk management is the responsibility of all employees, not just top management. Choice D is incorrect because even with enforced policies, there is no guarantee of achieving corporate objectives due to the unpredictable nature of risks and events.

The COSO Enterprise Risk Management Integrated Framework Stresses That