Showing posts with label sharing. Show all posts
Showing posts with label sharing. Show all posts

Saturday, June 1, 2013

Keller Company has implemented...

Question: Keller Company has implemented an enterprise risk management system and has responded to a particular risk by adding internal controls. Such a response is characterized by COSO's Enterprise Risk Management Framework as:


  • Acceptance
  • Avoidance
  • Reduction
  • Sharing


Answer: Reduction
Reduction involves reducing the likelihood or impact by implementing controls or managing the risk.