Question: Nine years after COSO issued the preceding framework, it began investigating how to effectively identify, assess, and manage risk so organizations could improve the risk
Nine years after COSO issued the preceding framework, it began investigating how to effectively identify, assess, and manage risk so organizations could improve the risk management process. This resulted in establishing their Enterprise Risk Manage (ERM) Integrated Framework. The intent of ERM is to achieve all organization objectives and goals.
Required:
- What are the important features of managements report on internal control over financial reporting?
- How can ERM risk components mitigate organizational objectives and goals (limit your discussion to three risk components)?
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