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The fundamental purpose of the COSO ERM framework approach is to help entities ensure that they will be able to achieve their
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COSO ERM framework approach does not include "Safeguarding of company resources by preventing loss through fraud, theft, waste, inefficiency, bad business decisions etc.

COSO ERM framework includes, achieving high level strategic goals, effective and efficient use of the company's operational resources and whether realistic organizational goals and objectives are set or not.

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