How is each of the following COSO enterprise risk management (ERM) components relevant to IT risk management?
Question:
How is each of the following COSO enterprise risk management (ERM) components relevant to IT risk management?
a. Objective setting.
b. Risk assessment.
c. Risk response.
d. Information and communication.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
The Committee of Sponsoring Organizations of the Treadway Commission COSO framework for Enterprise Risk Management ERM consists of several components ...View the full answer
Answered By
DHRUV RAI
As a tutor, I have a strong hands-on experience in providing individualized instruction and support to students of all ages and ability levels. I have worked with students in both one-on-one and group settings, and I am skilled in creating engaging and effective lesson plans that meet the unique needs of each student.
I am proficient in using a variety of teaching techniques and approaches, including problem-based learning, inquiry-based learning, and project-based learning. I also have experience in using technology, such as online learning platforms and educational software, to enhance the learning experience for my students.
In addition to my teaching experience, I have also completed advanced coursework in the subjects that I tutor, including mathematics, science, and language arts. This has allowed me to stay up-to-date on the latest educational trends and best practices, and to provide my students with the most current and effective teaching methods.
Overall, my hands-on experience and proficiency as a tutor have equipped me with the knowledge, skills, and expertise to help students achieve their academic goals and succeed in their studies.
0.00
0 Reviews
10+ Question Solved
Related Book For
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
Question Posted:
Students also viewed these Business questions
-
How is each of the following COSO enterprise risk management (ERM) components relevant to IT risk management? a. Objective setting. b. Risk assessment. c. Risk response. d. Information and...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Part I. Answer each of the following questions as True ("T") or False ("F"): 1. In order for a merger in the United States to violate Section 7 of the Clayton Act, the Federal Trade Commission...
-
400 KVA 34000/400 V transformer has copper losses is 5000 W and iron losses is 1000 W under nominal load and nominal voltage. A) Calculate the efficiency of the transformer when the nominal load is...
-
Dominos pizza is considering entering the marketplace in your community. Conduct a research by conducting a demand analysis and forecast for pizza in order to make a decision whether dominos should...
-
Consider the following MA (2) process yt = 0.7 2t1 + 1.35 t2 + t t is a white noise process, normally distributed with zero mean and unit variance. a. Obtain the theoretical autocorrelation function...
-
Distinguish between prohibitions against marriage based on consanguinity and affinity and give an example of each.
-
Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results: Sales (40,000 $90) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
What are the legal consequences of using corporate assets for personal use? Back it with primary sources like the internal revenue code, internal revenue manual, treasury regulations.
-
If a sales transaction record was rejected during input because the customer account number entered was not listed in the customer master file, the error was most likely detected by a: a....
-
An organizations IT governance committee has several important responsibilities. Which of the following is not normally such a responsibility? a. Aligning investments in IT with business strategies....
-
Consider the unit disc D = {(x, y)|x 2 +y 2 1}. Suppose that we choose a point (X, Y) uniformly at random in D. That is, the joint PDF of X and Y is given by a. Find the constant c. b. Find the...
-
Depot Logistics Inc. has declared pretax income from its operations for the year of $560,000. In addition, it also received interest payment of $40,000 on bond stock held in Warehouse PLC. During the...
-
Assume that the rate of inflation expected over the coming financial year in India is 6.5%. Explain how a 1-year T-bill could earn a negative real rate of return over the next year. How could it have...
-
Volkswagen AG (VW) uses a maximum payback period of 4 years and currently must choose between two mutually exclusive electric car projects. Project Crozz requires an initial outlay of 25,000,000;...
-
Hoffmann-La Roche is considering purchasing a capsule counting and packing machine for 5,500,000 and incurs an additional 130,000 in installation expenses. It is replacing older machines that can be...
-
Parsons Electronics Inc. ended 2017 with a net profit before taxes of 560,000. The company is subject to a 20% tax rate and must pay 50,000 in preferred stock dividends. The balance sheet shows...
-
According to a September 2008 Harris poll, 68% of all American adults have a public library card. The percentages do differ by gender62% of males have library cards compared to 73% of females. a....
-
If the annual fixed costs are 54,000 dinars, the occupation expense represents 20%, the contribution margin is 25%, and the unit selling price is 40 dinars. Required: Calculate the closing point of...
-
Other than the 10% limitation placed on medical expenses, the 10% reduction for casualty losses on personal property, the 2% reduction applied to certain miscellaneous itemized deductions, and the...
-
Wayne and Maria file a joint tax return on which they itemize their deductions and report AGI of $50,000. During the year they incurred $1,500 of medical expenses when Maria broke her leg....
-
This year, Chuck took out a loan to purchase some raw land for investment. He paid $40,000 for the land, and he expects that within 5 years the land will be worth at least $75,000. Chuck is married,...
-
Fred's new employer has hired him for a position with access to their trade secrets and confidential internal data. What legal tool should they use to help protect their data if he chooses to leave...
-
How do business process reengineering initiatives cause radical changes in the way firms execute processes? How are competitive forces driving decisions to downsize and restructure operations? In...
-
Mark's company is involved in a civil case. What evidentiary standard is he likely to need to meet?
Study smarter with the SolutionInn App