AGA Exam CGFM Topic 4 Question 21 Discussion

Actual exam question for AGA's CGFM exam

Question #: 21
Topic #: 4

[All CGFM Questions]

One of the five components of COSO ERM is

Aperformance.

Bchanging environment.

Ccomplex calculations.

Daccepting risk.

Show Suggested Answer

Suggested Answer: D

by Lizette at Dec 06, 2022, 06:31 PM

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Tamesha

2 months ago

Wait, is this a trick question? I bet the answer is 'all of the above' because COSO covers so many different aspects of risk management. You can't trick me that easily!

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Oliva

2 months ago

Ah, I got it! A) performance. COSO is all about making sure companies are performing at their best, right?

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Carmen

2 months ago

Haha, C) complex calculations? What is this, a math test? I'm pretty sure COSO is more about the big picture, not the nitty-gritty details.

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Luisa

17 days ago

Yeah, I agree. COSO is more about the overall strategy and risk management, not getting bogged down in complex calculations.

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Yoko

23 days ago

D) accepting risk.

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Johnetta

1 months ago

B) changing environment.

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Diane

2 months ago

A) performance.

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Weldon

2 months ago

I'm not so sure about that. B) changing environment sounds more like it to me. Isn't COSO all about adapting to changes?

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Lashonda

2 months ago

Hmm, I think it's gotta be D) accepting risk. COSO ERM is all about managing risk, right?

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Matthew

1 months ago

Yes, accepting risk is crucial for effective risk management in COSO ERM.

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Junita

1 months ago

Managing risk is definitely a big part of COSO ERM.

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Lizette

1 months ago

I agree, D) accepting risk is a key component of COSO ERM.

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Eden

3 months ago

I'm not sure, but I think it could also be B) changing environment. It's important to adapt to changes in the business environment.

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Alline

4 months ago

I agree with Dana, accepting risk is definitely a key component of COSO ERM.

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Dana

4 months ago

I think the answer is D) accepting risk.

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