Which of the following statements regarding Enterprise Risk Management (ERM) is not true?
A) ERM is broader than COSO's internal control framework.
B) ERM provides a logical and orderly way for management to identify, analyze, and manage all of the company's risks.
C) ERM focuses on objectives in the categories of planning, assessment, analysis, and compliance.
D) A good ERM system provides confidence that the company's actions taken to achieve business objectives will fit within acceptable parameters of risk.

Question

Quizplus · Accepted Answer

ERM focuses on objectives in the categories of planning, assessment, response, and monitoring, not compliance.

Which of the Following Statements Regarding Enterprise Risk Management (ERM)