COSO has published integrated frameworks for both internal control and for enterprise risk management.Which of the following statements about the frameworks is most true?
A)The internal control framework is more useful than the enterprise risk management framework.
B)The enterprise risk management framework is more useful than the internal control framework.
C)Management attitudes are an element of both frameworks.
D)Both frameworks are required by the SEC.

Question

Quizplus · Accepted Answer

Both frameworks include management attitudes as an important element. However, neither framework is required by the SEC, and it is subjective to say which framework is more useful as it depends on the specific needs of an organization.

COSO Has Published Integrated Frameworks for Both Internal Control and for Enterprise