Question: In Chapter 3 you learned about COSO's internal control framework. In this chapter, we took a look at COSO's enterprise risk management framework. COSO went

In Chapter 3 you learned about COSO's internal control framework. In this chapter, we took a look at COSO's enterprise risk management framework. COSO went to great lengths to explain why the ERM framework was needed and how it relates to the internal control framework. Read their explanation at the COSO web site. Open your browser and type the address as www.coso.org There is a thought paper on the home page you may find helpful.

Are both frameworks needed? Do both frameworks add value to organizations? Justify your responses.

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Actively seeks feedback on personal style and works to improve, based on feedback given.

Can be relied on to do what they say they will do.

Listens and is sensitive to others, taking account of their views and needs.