Certified in Risk and Information Systems Control (CRISC) — Question 56

Which of the following items is considered as an objective of the three dimensional model within the framework described in COSO ERM?

Answer options

• A. Risk assessment
• B. Financial reporting
• C. Control environment
• D. Monitoring

Correct answer: B

Explanation

The correct answer is B, as financial reporting is a key objective of the COSO ERM framework, which ensures the accuracy and reliability of financial statements. The other options, while important aspects of risk management, do not directly represent objectives within the three-dimensional model of COSO ERM.