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Which of the following is one of the components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management---Integrating with Strategy and Performance?
Suggested Answer: D
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32 comments · newest first
TA
Taryn
12 months ago
I thought review and revision was part of the process too!
BO
Bonita
12 months ago
Really? I thought event avoidance was a bigger deal.
MA
Marisha
12 months ago
Wait, isn't compliance also super important?
NA
Naomi
1 year ago
I agree, risk tolerance is key in ERM.
PH
Phung
1 year ago
Definitely think it's B, risk tolerance!
RO
Ronnie
1 year ago
I feel like "Event avoidance" could be part of it, but I also recall "Risk tolerance" being emphasized in our study materials.
ME
Melina
1 year ago
I’m a bit confused; I thought compliance was more about regulations rather than a component of the COSO framework.
JE
Jennifer
1 year ago
I remember practicing a question similar to this, and I think "Review and revision" was mentioned as a key component.
WA
Wayne
1 year ago
I think one of the components is related to risk tolerance, but I'm not entirely sure if that's the exact term they used in the framework.
YA
Yasuko
1 year ago
Hmm, I'm a bit confused about the different RADIUS server attributes mentioned in the options. I'll need to review those details carefully.
GE
German
1 year ago
Editing all transactions that make up the sales forecast sounds like a useful feature, so I'll go with option A.
DA
Dannie
2 years ago
I'm going with D. Gotta love those COSO acronyms, am I right? They really keep you on your toes!
MA
Malinda
1 year ago
Let's double check the COSO framework to be sure.
VE
Veronika
1 year ago
I'm sticking with B on this one.
RO
Rosann
1 year ago
Oh really? I'm pretty sure it's A.
ME
Merlyn
1 year ago
I think it's actually C, not D.
RE
Rene
1 year ago
Let's double check the COSO framework to be sure.
SH
Sharita
1 year ago
I'm sticking with B on this one.
GE
Gerald
1 year ago
Oh really? I'm pretty sure it's A.
JA
Janessa
1 year ago
I think it's actually C, not D.
JO
Joseph
2 years ago
D sounds like the most logical answer to me. Governance and culture are essential for effective enterprise risk management.
ER
Erasmo
2 years ago
Hmm, I'm not sure about this one. I was thinking it might be C, risk tolerance. But I guess D makes sense too.
PA
Paris
1 year ago
Yeah, I agree. Strategic objectives seem to be a key component.
AP
Apolonia
1 year ago
I think it's D, strategic objectives.
AL
Alaine
2 years ago
I'm not sure, but I think C) Risk tolerance is also important in managing risks effectively.
DA
Dacia
2 years ago
I think the answer is D. Governance and culture is definitely one of the key components of COSO's ERM framework.
SH
Sherman
1 year ago
Operating environment can impact the success of ERM strategies.
TH
Thad
1 year ago
Independent monitoring is essential for effective risk management.
GE
Gearldine
1 year ago
I think risk tolerance is also important for ERM.
MA
Maurine
1 year ago
I agree, governance and culture play a crucial role in ERM.
JA
Janey
2 years ago
I agree with Felton, governance and culture are crucial components for integrating risk management with strategy and performance.
FE
Felton
2 years ago
I think the answer is D) Governance and culture.