December 10, 2021 by Admin
An enterprise’s board of directors can BEST manage enterprise risk by:
- mandating board-approved enterprise risk management (ERM) modifications.
- requiring the establishment of an enterprise-wide program management office.
- ensuring the cost-effectiveness of the internal control system.
- requiring the establishment of an enterprise risk management (ERM) framework.
Explanation:
Reference: https://www.coso.org/documents/COSOBoardsERM4pager-FINALRELEASEVERSION82409_001.pdf