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AGA CGFM Exam - 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

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Suggested Answer: D

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

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Shawana
7 months ago
Totally agree, performance is crucial!
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Tamie
7 months ago
Wait, complex calculations? That doesn't sound right.
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Elsa
7 months ago
Changing environment is a key part too!
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Wilson
7 months ago
I thought it was about accepting risk?
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Stevie
7 months ago
It's definitely performance.
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Novella
8 months ago
Accepting risk sounds familiar, but I can't recall if it's a core component of COSO ERM or just a general principle.
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Karol
8 months ago
I feel like complex calculations were mentioned in relation to risk assessment, but I don't think that's one of the main components.
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Paris
8 months ago
I remember studying about the changing environment as a key aspect of risk management, so that might be it.
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Darci
8 months ago
I think one of the components was about performance, but I'm not entirely sure if that's the right term they used in the framework.
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Bulah
8 months ago
Alright, let me think this through. The question is asking about the goal of a business continuity plan, which is to enhance the organization's ability to recover immediately from a disruptive event. I'll select the answer that best captures that.
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Alpha
8 months ago
Sounds good, I'll give that a try. The key is to make sure the lines are copied exactly as they appear in the original file.
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Tamesha
1 year 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
1 year 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
1 year 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
11 months 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
11 months ago
D) accepting risk.
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Johnetta
11 months ago
B) changing environment.
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Diane
12 months ago
A) performance.
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Weldon
1 year 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
1 year ago
Hmm, I think it's gotta be D) accepting risk. COSO ERM is all about managing risk, right?
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Matthew
11 months ago
Yes, accepting risk is crucial for effective risk management in COSO ERM.
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Junita
11 months ago
Managing risk is definitely a big part of COSO ERM.
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Lizette
12 months ago
I agree, D) accepting risk is a key component of COSO ERM.
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Eden
1 year 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
1 year ago
I agree with Dana, accepting risk is definitely a key component of COSO ERM.
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Dana
1 year ago
I think the answer is D) accepting risk.
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