Question: The largest differences between the COSO Integrated Control ( IC ) framework and the COSO Enterprise Risk Management ( ERM ) framework is IC is
The largest differences between the COSO Integrated Control IC framework and the COSO
Enterprise Risk Management ERM framework is
IC is controlsbased, while the ERM is riskbased.
IC is riskbased, while ERM is controlsbased.
IC is required, while ERM is optional.
IC is more applicable to international accounting standards, while ERM is more applicable to generally
accepted accounting principles.
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