The COSO ERM contains all five of the same COSO-Integrated Framework components.

Question

Quizplus · Accepted Answer

The COSO ERM (Enterprise Risk Management) framework includes all five of the same components as the original COSO-Integrated Framework: control environment, risk assessment, control activities, information and communication, and monitoring. However, the ERM framework expands on these components to provide a more comprehensive approach to managing risk across an organization.

The COSO ERM Contains All Five of the Same COSO-Integrated