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Under the COSO Enterprise Risk Management Framework, who is responsible for risk management?
Suggested Answer: A, B, D
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30 comments · newest first
KA
Kara
12 months ago
Sounds right, but shareholders should have a say too!
MY
Myra
12 months ago
Nope, it's not just for managers and directors.
AL
Alita
1 year ago
Wait, really? I thought it was just the board.
AN
Antonette
1 year ago
Totally agree, it's a team effort.
LO
Lore
1 year ago
Every member of the entity is responsible!
TO
Tomoko
1 year ago
I recall the board has a significant role, but I don’t think it’s just them. A sounds more inclusive, but I could be wrong.
CO
Coral
1 year ago
I’m torn between A and C. I know managers have a role, but does that exclude others?
MA
Markus
1 year ago
I practiced a question like this, and I feel like it emphasized that everyone in the organization plays a role in risk management. So, A seems right.
CA
Casandra
1 year ago
I think I remember that risk management is a collective responsibility, so maybe it's A? But I'm not entirely sure.
SY
Sylvie
1 year ago
This question seems to be testing our knowledge of managing multiple Kubernetes clusters in a hybrid and multi-cloud environment. I think the key is to understand the different approaches and scenarios that can be used.
DE
Delpha
1 year ago
Hmm, I'm a bit unsure about this one. The OmniScript structure panel has a lot of details, and I want to make sure I understand how the JSON code should match up. I'll need to take my time and analyze each option closely.
NI
Nilsa
1 year ago
I'm a little confused by this question. I know OSHA has a lot of different standards, but I'm not sure which one specifically covers noise levels. I'll have to make an educated guess on this one.
YV
Yvonne
1 year ago
I think the Home tab has the gadget for calls, but I'm not completely sure. It could also be under My Statistics.
MA
Marva
1 year ago
If the shareholders were in charge of risk management, we'd all be in a world of trouble. They'd probably invest in a company that makes whoopee cushions or something.
CA
Carman
1 year ago
Shareholders? Really? They're too busy counting their money to worry about risk management. Good one!
MA
Marti
1 year ago
Shareholders may not be directly involved in risk management, but it's important for everyone in the entity to be responsible.
LE
Lezlie
1 year ago
C) Managers and directors only.
MA
Mammie
1 year ago
A) Every member of the entity.
RA
Ramonita
2 years ago
Managers and directors? That's way too narrow. Risk management is like a team sport - everyone's gotta be involved!
BE
Bettina
1 year ago
Yeah, it's definitely a team effort to manage risks effectively.
GE
Gertude
1 year ago
I agree, everyone in the entity should be responsible for risk management.
GE
Gearldine
2 years ago
But the COSO framework emphasizes that all members should be involved in managing risks to achieve objectives.
JA
Janna
2 years ago
The board of directors should be the ones in charge. They're the ones with the big fancy titles, after all.
RY
Ryan
2 years ago
Well, it's clearly the responsibility of every member of the entity according to the COSO framework. Anything less would be a recipe for disaster!
RO
Rosina
1 year ago
Actually, under the COSO framework, it's not just limited to managers and directors.
BE
Becky
1 year ago
C) Managers and directors only.
GE
Georgene
1 year ago
Exactly, it's important for everyone to be involved in managing risks.
ED
Edmond
2 years ago
A) Every member of the entity.
RE
Rex
2 years ago
I disagree, I believe it's the board of directors only who are responsible.
GE
Gearldine
2 years ago
I think every member of the entity is responsible for risk management.