
SCRM within the Context of COSO’s ERM Framework • 53
Internal Environment and Objective Setting
Table3.8 provides descriptive statistics related to the internal environ-
ment and objective setting. All “agree/ disagree” questions are scaled from
1 = strongly disagree to 7 = strongly agree. All “extent of use” questions
are scaled from 1 = not used to 7 = extensively used.
Need: Respondents clearly believe that risk management is a critically
important strategic initiative for their rms and that the management of
risk should be a core issue in the planning of any organization. However,
the concomitant development of resources, tools, and budgets ...