Page 189 - SBL Integrated Workbook STUDENT 2018

Identification, assessment and measurement of risk

2.4 COSO ERM Framework matrix

The COSO ERM framework reflects the relationships between:

 The four objectives of a business (strategic, operations, reporting
and compliance).

 The four organisational levels (subsidiary, business unit, division
and entity).

 The eight components that must function effectively for risk
management to be successful.

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