The Framework to Be Used by Management in Its Internal

question 21

Multiple Choice

The framework to be used by management in its internal control assessment under requirements of SOX is the:

• A)COSO internal control framework.
• B)COSO enterprise risk management framework.
• C)COBIT framework.
• D)All of the choices are correct.

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Definitions:

Specific Financing

Financing that is intended for a particular purpose or project, with clear specifications and usually backed by specific collateral.

After-Tax Cost

The expense of any financial obligation or investment after accounting for the effects of taxes.

Project Evaluation

The process of determining the potential successes or failures of a proposed project based on various criteria.

DCF Approach

A valuation method that estimates the value of an investment based on its expected future cash flows, adjusted for the time value of money.