Which of the below is not a component of the COSO ERM?
A) monitoring
B) control environment
C) risk assessment
D) compliance with federal, state, or local laws

Question

Quizplus · Accepted Answer

Compliance with federal, state, or local laws is not one of the five components of COSO ERM. The five components are: (1) governance and culture, (2) strategy and objective-setting, (3) performance, (4) review and revision, and (5) information, communication, and reporting. Compliance with laws and regulations is, however, a consideration in the risk assessment component.

Which of the Below Is Not a Component of the COSO