Question: What are the five COSO ERM components? How does COSO define risk appetite? What are some ERM assurance activities the internal audit function may perform?

What are the five COSO ERM components?


How does COSO define risk appetite?


What are some ERM assurance activities the internal audit function may perform? 


What are some ERM consulting activities the internal audit function may perform if appropriate safeguards are implemented? What ERM should the internal audit function not perform?



What are COSO's five categories of risk response?

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a The five COSO ERM Enterprise Risk Management components are i Risk Governance and Culture This component sets the tone for the organizations risk management by establishing a culture that recognizes ... View full answer

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