The Enterprise Risk Management (ERM)framework is based on the 1992 COSO report and adds three additional components for an effective internal control system.Which of the following is not one of those three?
A)Objective setting
B)Event identification
C)Control assessment
D)Risk response

Question

Quizplus · Accepted Answer

The three additional components in the ERM framework are objective setting, event identification, and risk response. Control assessment is part of the original COSO framework and is already included in ERM as one of the five components of internal control.

The Enterprise Risk Management (ERM)framework Is Based on the 1992