[Verse 1] Boardrooms buzzing with uncertainty's hum Five components weave the framework tight Internal environment sets the tone Objective setting crystallizes sight Event identification scans the horizon wide Risk assessment weighs the probability tide [Chorus] C-O-S-O Enterprise Risk Management Strategy governance internal assessment Response monitoring across the enterprise Five components keep the business wise Risk appetite dancing with the board's command Enterprise-wide vision guides the master plan [Verse 2] Risk appetite statements draw the boundaries clear Tolerance levels carved in measurable stone Board oversight cascades through every tier Senior management makes the framework known Three dimensions span across objectives wide Operations reporting compliance as our guide [Chorus] C-O-S-O Enterprise Risk Management Strategy governance internal assessment Response monitoring across the enterprise Five components keep the business wise Risk appetite dancing with the board's command Enterprise-wide vision guides the master plan [Bridge] Avoid accept mitigate or share Response strategies floating through the air Subsidiary division operating unit view Entity level spreads the framework true Risk tolerance quantified in metrics sharp Board committees tune the enterprise harp [Verse 3] Information flows like rivers through the maze Communication links each business thread Monitoring activities track the changing days Internal audit keeps the framework fed Governance structure towers above the fray Risk culture breathes through every working day [Chorus] C-O-S-O Enterprise Risk Management Strategy governance internal assessment Response monitoring across the enterprise Five components keep the business wise Risk appetite dancing with the board's command Enterprise-wide vision guides the master plan [Outro] Twenty principles weave the fabric tight Enterprise risk management burning bright From strategy to operations every layer COSO framework is the business prayer
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