The COSO enterprise risk management framework can be useful in:
A)Systems audits.
B)Investigative audits.
C)Both systems audits and investigative audits.
D)Neither systems audits nor investigative audits.

Question

Quizplus · Accepted Answer

The COSO Enterprise Risk Management Framework provides a comprehensive approach to identifying, assessing, and managing risks within an organization. It is useful for both systems audits, which assess the effectiveness of internal controls, and investigative audits, which identify potential fraud, waste, and abuse. Therefore, both options A and B are not the best answer, and option D is incorrect as well.

The COSO Enterprise Risk Management Framework Can Be Useful In