Which of the following best describes the underlying premise of the COSO enterprise risk management framework?
A) Management should set objectives before assessing risk.
B) Every entity exists to provide value for its stakeholders.
C) Policies are established to ensure that risk responses are performed effectively.
D) Enterprise risk management can minimize the impact and likelihood of unanticipated events.

Question

Quizplus · Accepted Answer

The COSO enterprise risk management framework is based on the premise that every entity exists to provide value for its stakeholders, and effective risk management helps in achieving this objective.

Which of the Following Best Describes the Underlying Premise of the COSO