Question

COSO - Integrated Framework is designed to help an organization achieve its objectives in 4 categories.

Answer 1

The COSO - Integrated Framework helps organizations achieve objectives in four categories: operations, reporting, compliance, and strategy.

Step-by-step explanation:

The COSO - Integrated Framework is a business framework designed to help an organization achieve its objectives in four categories. These categories include:

1. Operations: This category focuses on the effectiveness and efficiency of an organization's operations, such as delivering products or providing services.
2. Reporting: This category relates to the accuracy, timeliness, and transparency of an organization's financial and non-financial reporting.
3. Compliance: This category deals with an organization's adherence to laws, regulations, and internal policies.
4. Strategy: This category involves the alignment of an organization's goals and objectives with its overall strategy.

By using the COSO - Integrated Framework, organizations can better manage risks, enhance performance, and achieve their desired outcomes in these four areas.