The purpose of the COSO Enterprise Risk Management framework is
A)to improve the organization's risk management process.
B)to improve the organization's financial reporting process.
C)to improve the organization's manufacturing process.
D)to improve the organization's internal audit process.

Question

Quizplus · Accepted Answer

The purpose of the COSO Enterprise Risk Management framework is to improve the organization's risk management process by providing a comprehensive framework for identifying, assessing, responding to, and monitoring risks. It is not focused on financial reporting, manufacturing or internal audit processes specifically.

The Purpose of the COSO Enterprise Risk Management Framework Is