COSO's Enterprise Risk Management Framework (ERM) and its Internal Control Framework are significantly inter-related. Match the following elements of ERM and with its related element of internal control. . Governance and Culture . Performance Component . Risk Reduction Responses . Review and Revision . Information, Communication, and Reporting Existing Control Activities 1. Performance Component Internal Control Environment 2. Review and Revision Monitoring of Internal Controls 3. Information, Communication, and Reporting v Risk Assessment by Management 4. Risk Reduction Responses Information and Communication Systems 5. Governance and Culture