APRP COMPLETE EXAM QUQESTIONS 2024.

APRP COMPLETE EXAM QUQESTIONS 2024. COSO: Enterprise Risk Management - correct answer The *Committee of Sponsoring Organizations* of the Treadway Commission *Goal* - To improve the quality of financial reporting through a focus on corporate governance, ethical practices and internal control. *ERM* considers activities at all levels of the organization: • Entity • Division • Operating unit • Function COSO: Objectives and Three Lines of Defense Model - correct answer *Objective Categories:* 1. Operational 2. Reporting 3. Compliance *Three Lines of Defense* *1. Own and manage* risk and control - Operationa1 *2. Monitor* risk and control in support of management - Reporting *3. Provide independent assurance* to BOD & Sr Mgmt (internal audit) - Compliance. COSO: Internal Control Components - correct answer *Five Components:*