Question: What are the objectives and components of COSO ERM framework
What are the objectives and components of COSO ERM framework?
Answer to relevant QuestionsCOSO developed two frameworks: the COSO Internal Control framework 2.0 and the COSO ERM framework. Why did COSO develop the ERM framework? What are the differences between the two frameworks?Compare the following three types of controls: preventive, detective and corrective controls. Give two examples of each type of controls. Which of these types of controls will auditors usually focus on in an audit?Which controls would best mitigate the following threats?1. Posting the amount of a sale to a customer account that does not exist.2. A customer entering too many characters into the five-digit zip code while making an ...Both COBIT and ISO 27000 series are security frameworks. Are there significant differences between the two frameworks?Compare and contrast continuous monitoring and continuous audit.
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