Global Economic Strategies,L.L.D.,has been diligent in ensuring that their operations meet modern control standards.Recently,they have extended their control compliance system by incorporating policies and procedures that require the specification of company objectives,uncertainties associated with objectives,and contingency plans.They are transitioning from a ________ to a ________ control framework.
A) COSO-Integrated Framework; COBIT
B) COBIT; COSO-Integrated Framework
C) COBIT; COSO-ERM
D) COSO-Integrated Framework; COSO-ERM
E) COSO-ERM; COBIT

Question

Quizplus · Accepted Answer

The transition described involves moving from the COSO-Integrated Framework, which focuses on internal controls, to the COSO-ERM (Enterprise Risk Management) framework, which includes specifying objectives, identifying uncertainties, and developing contingency plans.