Question: What is the main difference between the COSO model followed in your first COSO assignment and COSO ERM? The differences in the title should be

  1. What is the main difference between the COSO model followed in your first COSO assignment and COSO ERM? The differences in the title should be your best clue.
  2. Does COSO ERM replace COSO?
  3. Compare and contrast the cube for COSO and ribbon for COSO-ERM. How are they similar and different? (5 components for each) and Principles (17 COSO and 20 for COSO ERM). Please do not copy and paste. I want you to read and understand the given materials. You should find a few similarities (list and explain at least two of them) and many differences (List and explain five of them).

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