According to the COSO Enterprise Risk Management Framework,the risk assessment process incorporates all of the following components except
A)reporting potential risks to auditors.
B)identifying events that could impact the enterprise.
C)evaluating the impact of potential events on achievement of objectives.
D)establishing objectives for the enterprise.

Question

Quizplus · Accepted Answer

Reporting potential risks to auditors is not a component of the risk assessment process according to the COSO Enterprise Risk Management Framework. The other three choices (identifying events, evaluating impact, and establishing objectives) are all components of the process.

According to the COSO Enterprise Risk Management Framework,the Risk Assessment