Using the COSO definition of an event,an event represents uncertainty.

Question

Quizplus · Accepted Answer

According to the COSO definition, an event is defined as "An incident or occurrence arising from internal or external sources that affects the implementation of an organization's strategies or objectives." As such, events can include both negative and positive occurrences, but they all represent some level of uncertainty or unpredictability for the organization.

Using the COSO Definition of an Event,an Event Represents Uncertainty