Which of the following are risk components of the COSO ERM framework? Each correct answer represents a complete solution. Choose three.

Which of the following are risk components of the COSO ERM framework? Each correct answer represents a complete solution. Choose three.
A . Risk response
B . Internal environment
C . Business continuity
D . Control activities

View Answer

Answer: ABD

Explanation:

The risk components defined by the COSO ERM are internal environment, objective settings, event identification, risk assessment, risk response, control objectives, information and communication, and monitoring.

Incorrect Answers:

C: Business continuity is not considered as risk component within the ERM framework.