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COSO ERM and ISO 31000:2018 are the two widely accepted and used risk management standards. The management of a GMABS Corporation, the largest broadcasting network

COSO ERM and ISO 31000:2018 are the two widely accepted and used risk management standards. The management of a GMABS Corporation, the largest broadcasting network in the Philippines is contemplating which framework or standard is better to adopt in order to mitigate if not eliminate the chance that their network company would be closed by the government. According to the President, the company could only decide if they would know the difference between the two documents. One reporter suggested that the network company should take its advice from you. Give the company at least one similarity or difference between the two framework/standards.

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