A company using COSO's enterprise risk management framework would first consider risk at
A)the business process level
B)the balance level
C)the account level
D)the overall company level

Question

Quizplus · Accepted Answer

According to COSO's enterprise risk management framework, the first step in considering risk is to assess it at the overall company level, rather than at the level of individual business processes, balances, or accounts. This allows for a more comprehensive and strategic understanding of the organization's risk profile and enables the development of a coordinated approach to risk management that can support the achievement of the organization's objectives.

A Company Using COSO's Enterprise Risk Management Framework Would First