The COSO ERM 2017 framework codifies 20 principles associated with the five components of enterprise risk management.
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The COSO ERM 2017 framework codifies 20 principles associated with the five components of enterprise risk management. Match the following principles with the five components.
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COSO ERM Principles a. Report on risk, culture, and performance b. Review risk and performance c. Pursue improvement in ERM d. Exercise board risk oversight e. Attract, develop, and retain capable individuals f. Prioritize risks g. Define risk appetite h. Assess substantial change COSO ERM Components i. Governance and Culture ii. Strategy and Objective-setting iii. Performance iv. Review and Revision v. Information, Communication and Reporting
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a Report on risk culture and performance v Information Communication and Reporting This principle is associated with the component of information comm...View the full answer
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Related Book For
Accounting Information Systems
ISBN: 9781260571080
3rd International Edition
Authors: Vernon Richardson
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