Which of the following is not a factor of internal environment according to the COSO Enterprise Risk Management Framework?
A)Analyzing past financial performance and reporting.
B)Providing sufficient resources to knowledgeable employees to carry out duties.
C)Disciplining employees for violations of expected behavior.
D)Setting realistic targets for long-term performance.

Question

Quizplus · Accepted Answer

The COSO Enterprise Risk Management Framework focuses on how an organization governs itself, manages risk, and achieves its objectives. Analyzing past financial performance and reporting is more related to the review and assessment of financial outcomes rather than an internal environment factor. Internal environment factors typically include the organization's culture, values, and structure, which influence how risk is viewed and addressed within the organization.

Which of the Following Is Not a Factor of Internal