BEC 1

Question 1

Based on COSO, which of the following is included in the assess and report phase of an effective approach to monitoring IC?

Prioritize findings

Prioritize risks

Identify controls

Answer 1

Priories findings

Question 2

Does identifying events in the ERM integrated framework occurs before or after development of objectives?

Answer 2

After. Events will be either favorable or unfavorably impact the achievement of objectives.