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COSO ERM - Coggle Diagram
COSO ERM
Components
monitoring.
information & communication,
control activities,
risk response,
risk assessment,
event identification,
objective setting,
internal environment,
Main Principles
Demonstrate commitment to integrity and ethical values.
Ensure that board exercises oversight responsibility.
Establish structures, reporting lines, authorities and responsibilities.
Demonstrate commitment to a competent workforce.
Hold people accountable.
Risk Treatment
avoiding
optimizing,
transferring
retaining risk.