Summarize the eight elements of COSO’s Enterprise Risk Management – Integrated Framework.

Define each of the following terms:b. Enterprise risk management

1. Looking at the COSO framework for Enterprise Risk Management, you will notice that this is present all throughout the various functions and levels in an organization.  This is to ensure that policies and procedures are followed in making risk responses and implementing company's directives.  A. Control Activities B. Risk Assessment C. Monitoring Activities D. Risk Culture

Refer to Exhibit 3.3. For each risk assessment principle, provide an example of how an organization might apply that principle.