According to the Committee of Sponsoring Organizations (COSO) of the Treadway Commission, which of the following components of enterprise risk management addresses an entity's reporting deficiencies?
a.Internal environment.
b.Event identification.
c.Control activities.
d.Monitoring.
Choice "d" is correct. The monitoring component of the enterprise risk management (ERM) framework includes key elements that relate to the ongoing management activities or separate evaluations of the ERM approach adopted by the entity, including addressing reporting deficiencies