Question
COSO's Internal ControlIntegrated Framework is used by many companies as a tool to design and improve their internal control systems. COSO also issued Enterprise Risk
COSO's Internal ControlIntegrated Framework is used by many companies as a tool to design and improve their internal control systems. COSO also issued Enterprise Risk Management - Integrated Framework, which extends the Internal ControlIntegrated Framework to the more encompassing topic of enterprise risk management (see https://www.coso. org/Publications/ERM/COSO_ERM_ExecutiveSummary.pdf). Compare and contrast these two frameworks by discussing (1) the components they have in common, and (2) the components added to the Enterprise Risk Management - Integrated Framework that are not part of the Internal ControlIntegrated Framework.
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