COSO has no risk response?

This topic has 2 replies, 2 voices, and was last updated 11 years ago by js142004.

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September 28, 2014 at 9:42 pm #202075
js142004
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In the COSO framework there isnt any risk response but only risk assessment.(which i believe it includes risk identification and categorisation). In the ERM framework there is a risk response where TARA is used. How can a company use the COSO if measures are not taken to tackle risks? Or is risk response part of risk assessment? IM CONFUSED
September 28, 2014 at 10:07 pm #202078
MikeLittle
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Risk response is part of risk assessment
September 28, 2014 at 10:53 pm #202079
js142004
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thanks Mike, but why in the ERM is included separately?
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