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Essay specific features
Written by:
Tommie C
Date added:
July 27, 2015
Level:
University
Grade:
A
No of pages / words:
7 / 1721
Was viewed:
6702 times
Rating of current essay:
Essay content:
COSO's framework introduces eight key principles for ERM: "internal environment; objective setting; event identification; risk assessment; risk response; control activities; information and communication; and monitoring" (Managing Risk, 2003, p. 2). COSO's framework also includes four objectives categories; these are: strategy; operations; financial reporting; and compliance...
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COSCO intended this framework to be an effective tool for keeping stakeholders and board directors informed about organizational procedures and processes. The framework could also be used to help an organization respond to uncertainties that will help directors to measure how well their organizations are managing its own risks...
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