Question

coso enterprise risk management framework, each of the following is considered by management as part of a risk assessment

Answer 1

COSO enterprise risk management framework as Unknown risk.

What is risk assessment?

Identifying and assessing probable occurrences that could harm people, property, and/or the environment, as well as making decisions "on the tolerability of the risk based on a risk analysis" while taking influencing factors into account, are all incorporated into a risk assessment. Enhancing occupational health and safety is the ultimate goal of risk assessments. But to do this, workplace hazards must be identified and the risks they cause must be diminished or eliminated as part of the risk assessment process. Risk assessments at work are the employer's responsibility, thus they are in charge of seeing that they are done. As long as they are qualified to do so, an employer can choose a suitable person to do a risk assessment on the organization's behalf.

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