Which of the following is not one of the components of COSO’s framework? A. Objective setting which includes setting the objectives and critical success factors B. Continuously monitoring the ERM process C. Risk Assessment to manage risk related to achieving corporate objectives D. Safeguarding assets to prevent or detect unauthorized acquisition, use or disposition E. Control Activities which include policies and procedures to assure that management’s control objectives are met
Which of the following is not one of the components of COSO’s framework? A. Objective setting which includes setting the objectives and critical success factors B. Continuously monitoring the ERM process C. Risk Assessment to manage risk related to achieving corporate objectives D. Safeguarding assets to prevent or detect unauthorized acquisition, use or disposition E. Control Activities which include policies and procedures to assure that management’s control objectives are met
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is not one of the components of COSO’s framework?
A. Objective setting which includes setting the objectives and critical success factors
B. Continuously monitoring the ERM process
C. Risk Assessment to manage risk related to achieving corporate objectives
D. Safeguarding assets to prevent or detect unauthorized acquisition, use or disposition
E. Control Activities which include policies and procedures to assure that management’s control objectives are met
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