In a conversation about risk management, Miguel and Rafaela produced a ranked list of their company's risk exposures.The ranked list is most closely related to which element of the COSO framework?
A)Information and communication
B)Risk assessment
C)Risk response
D)Monitoring

Question

Quizplus · Accepted Answer

The ranked list of the company's risk exposures produced by Miguel and Rafaela relates to the Risk Assessment element of the COSO framework. Risk assessment involves identifying, analyzing, and prioritizing risks, which is exactly what Miguel and Rafaela did in their conversation.

In a Conversation About Risk Management, Miguel and Rafaela Produced