Which Component of COSO's Internal Control System Concerns the Process

question 65

Multiple Choice

Which component of COSO's internal control system concerns the process that provides feedback on the effectiveness of the other four components of internal control?

• A)Information and communication.
• B)Monitoring.
• C)Control activities.
• D)Risk assessment.

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Definitions:

Infidelity

The act of being unfaithful or having an affair outside a committed relationship, violating the mutually agreed-upon rules or boundaries.

Transcribe

To convert spoken language into written or printed form, or to transfer music, data, or other content from one medium to another.

Interviews

A method of gathering information through direct verbal interaction, typically involving one person asking questions and another responding, used in various contexts like research and employment.

Bias

An opinion held by the researcher that might affect the research or analysis.