US CMA Part 2 · Chapter 7 · Question 6 of 15
Which of the following is NOT one of the five components of the COSO Enterprise Risk Management - Integrating with Strategy and Performance framework?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Control activities
Explanation
The COSO ERM framework (2017) has five components: Governance and Culture; Strategy and Objective-Setting; Performance; Review and Revision; and Information, Communication, and Reporting. Control activities is a component of the separate COSO Internal Control - Integrated Framework.
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