Showing posts with label COSO's Enterprise Risk Management Framework. Show all posts
Showing posts with label COSO's Enterprise Risk Management Framework. 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.