Question 3
Which of the following are risk components of the COSO ERM framework?
Each correct answer represents a complete solution. Choose three.
Correct answer: ABD
Explanation:
The risk components defined by the COSO ERM are internal environment, objective settings, event identification, risk assessment, risk response, control objectives, information and communication, and monitoring. Incorrect Answers:C: Business continuity is not considered as risk component within the ERM framework.
The risk components defined by the COSO ERM are internal environment, objective settings, event identification, risk assessment, risk response, control objectives, information and communication, and monitoring.
Incorrect Answers:
C: Business continuity is not considered as risk component within the ERM framework.