Many companies have implemented COSO’s enterprise risk management framework to assist them in managing risks.
a. Are public companies required by the SEC to implement COSO’s enterprise risk management framework? Explain.
b. Describe two of the components of COSO’s enterprise risk management framework.
c. Comment on the accuracy of the following statement: “If management implements COSO’s enterprise risk management framework the organization will be able to avoid all risks.” Explain your answer.