According to COSO, Which of the Following Components of the Enterprise

question 55

Short Answer

According to COSO, which of the following components of the enterprise risk management addresses an entity's integrity and ethical values?
A. Information and communication
B. Internal environment.
C. Risk assessment.
D. Control activities.

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Definitions:

Objective Factors

Quantifiable or measurable attributes that are not influenced by personal feelings, interpretations, or prejudice, used in decision-making or assessment.

External Factors

Elements outside of an individual or system that can influence or affect outcomes, behaviors, or processes.

Instrument

An instrument in the medical context typically refers to a tool or device designed for specific diagnostic or therapeutic tasks during treatment or surgery.

Financial Record

Documentation that tracks the income, expenses, and other financial activities of an individual or organization.