redox1100 on "BEC question for Becker students"

Becker students, quick Q on b1 on the PHRASED and PHRASED C mnemonic :

A. I/C

1. Philosophy and operating style of management
2. Human resources
3. Reporting (financial) competencies***************
4. Authority and responsibility
5. Structure (organizational)
6. Ethical values and integrity
7. Directors (Board of)

B. ERM

1. Philosophy and operating style of management
2. Human resources
3. Risk appetite***************
4. Authority and responsibility
5. Structure (organizational)
6. Ethical values and integrity
7. Directors (Board of)
8. Commitment to competence

Question: So the "R" is different for both of the mnemonics (Reporting (financial) competencies vs Risk appetite)? Although this difference is identified on my note cards, i specifically remember Peter saying the only difference for ERM is that you add the C (commitment to competence)?

Thanks in advance