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Which of the following aspects are included in the Internal Environment Framework of COSO ERM?

Which of the following aspects are included in the Internal Environment Framework of COSO
ERM?
Each correct answer represents a complete solution. Choose three.

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A.
Enterprise’s integrity and ethical values

B.
Enterprise’s working environment

C.
Enterprise’s human resource standards

D.
Enterprise’s risk appetite

Explanation:

The internal environment for risk management is the foundational level of the COSO ERM
framework, which describes the philosophical basics of managing risks within the implementing
enterprise. The different aspects of the internal environment include theenterprise’s:
Philosophy on risk management
Risk appetite
Attitudes of Board of Directors
Integrity and ethical values
Commitment to competence
Organizational structure
Authority and responsibility
Human resource standards


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