Question

In addition to the Internal Control Integrated Framework, _________ framework introduces enterprise wide approach to risk management as well as concepts such as risk appetite, risk tolerance, and portfolio view.

Answer 1

The COSO Enterprise Risk Management (ERM) Framework introduces an organization-wide approach to risk management, including concepts like risk appetite and risk tolerance.

Step-by-step explanation:

The framework that introduces an enterprise-wide approach to risk management, which includes concepts such as risk appetite, risk tolerance, and portfolio view, is known as the COSO Enterprise Risk Management (ERM) Framework.

This framework is intended to help organizations better manage their risk and is often used in conjunction with the Internal Control Integrated Framework established by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In addition to the Internal Control Integrated Framework, COSO Enterprise Risk Management Framework introduces an enterprise-wide approach to risk management. This framework also includes concepts such as risk appetite, risk tolerance, and portfolio view.

The COSO Enterprise Risk Management (ERM) Framework introduces an organization-wide approach to risk management, including concepts like risk appetite and risk tolerance.