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Which TWO of the following are reasons for a company to comply with the Committee of Sponsoring Organisations of the Treadway Commission 2017 Enterprise Risk Management Framework (COSO Framework)?
Suggested Answer: C, E
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36 comments · newest first
GL
Gladys
10 months ago
Not sure about D, can you really ensure everyone understands?
CA
Carmela
10 months ago
B is a must! Proper controls are essential for success.
SH
Sherita
10 months ago
I think C is spot on! Good structure is key.
EL
Elenora
11 months ago
Totally agree with E, reputation matters!
LU
Lura
11 months ago
Wait, does compliance really guarantee all employees will follow the rules?
GL
Glen
11 months ago
I’m leaning towards options C and E, but I’m not entirely confident about whether the framework ensures that internal controls will work properly.
HE
Heidy
11 months ago
I practiced a similar question, and I feel like improving a company's reputation could be a valid reason, so maybe option E is one of the answers.
AU
Audra
12 months ago
I think option C makes sense because a good structure is essential for effective risk management, but I’m a bit uncertain about the specifics.
BE
Beckie
12 months ago
I remember that the COSO Framework is all about improving risk management, but I'm not sure if it guarantees that all employees will comply with internal controls.
JO
Jose
12 months ago
This is a good opportunity to demonstrate my understanding of internal controls and risk management frameworks. I'll select the two most relevant reasons and explain my reasoning in the exam.
PA
Paris
1 year ago
I've reviewed the COSO Framework before, so I feel confident I can identify the top two reasons for a company to comply. I'll select those and move on to the next question.
FR
France
1 year ago
I'm a bit confused by the wording of some of these options. I'll need to re-read them carefully to determine which two are the most accurate reasons for compliance.
LY
Lynsey
1 year ago
Okay, let's think this through. The question is asking for two reasons a company would comply with the COSO Framework, so I need to identify the best two options from the choices provided.
AM
Ammie
1 year ago
This COSO Framework question seems straightforward, but I want to make sure I understand the key points before selecting my answers.
FR
Francoise
1 year ago
Complying with the COSO Framework? That's like having a crystal ball for your business - you can see the future and avoid all the pitfalls!
ES
Essie
1 year ago
I'm all about option A. If everyone in the company is on board with the internal controls, that's a recipe for success.
RU
Rutha
1 year ago
User 2
DY
Dylan
1 year ago
User 1
MI
Mireya
1 year ago
I believe complying with the COSO Framework can improve a company's reputation as well.
CE
Cecily
1 year ago
Answers B and D are the real gems here. Ensuring internal controls work and everyone understands the risk management system - that's the dream!
TA
Talia
1 year ago
Options C and E are the way to go. A good risk management structure and a boost in reputation? Sign me up!
LU
Luisa
1 year ago
Absolutely, complying with the COSO Framework can really benefit a company in multiple ways.
CO
Corrie
1 year ago
Definitely, it's all about managing risks effectively and maintaining a positive image in the eyes of stakeholders.
LO
Louvenia
1 year ago
I agree, having a solid risk management system and a good reputation are crucial for a company's success.
LA
Lavonna
1 year ago
E) Complying with the COSO Framework will improve a company's reputation
DE
Detra
1 year ago
A) Complying with the COSO Framework will mean there is a good structure to a company's risk management system
PA
Paris
1 year ago
I agree, having a solid risk management system and a good reputation can make a big difference.
AI
Ailene
1 year ago
Option C and E are definitely important for a company's success.
RO
Romana
1 year ago
I agree with you, Ronna. It also provides a good structure to a company's risk management system.
RO
Ronna
1 year ago
I think complying with the COSO Framework is important for ensuring internal controls work properly.
SH
Shenika
1 year ago
Complying with the COSO Framework is a no-brainer. It's like having a GPS for your business, keeping you on the right track.
BA
Barrett
1 year ago
C) Complying with the COSO Framework will mean there is a good structure to a company's risk management system
BA
Barrett
1 year ago
A) Complying with the COSO Framework will mean all employees of a company will comply with internal controls
KA
Kanisha
1 year ago
The COSO Framework is like a superpower for companies - it helps them manage their risks like a boss!
BE
Bette
1 year ago
C) Complying with the COSO Framework will mean there is a good structure to a company's risk management system
BE
Bette
1 year ago
A) Complying with the COSO Framework will mean all employees of a company will comply with internal controls