Module 1 - Unit 2: The COSO "ERM - Integrating with Strategy and Performance" standard

Question 1

Which of these processes has “control activities” as a feature? a) COSO ERM b) ISO 31000 c) The Orange Book d) IRM (2002)

Answer 1

a) COSO ERM

Question 2

What three aspects make up the faces of the COSO ERM “Cube”

Answer 2

1. Objectives of risk management
2. Risk management process
3. Internal environment

Question 3

Draw the COSO ERM Cube

Answer 3