The 2013 COSO Report Identifies Five Components for an Effective

question 61

Multiple Choice

The 2013 COSO Report identifies five components for an effective internal control system.These are:

• A)Control environment, risk assessment, control activities, information and communication, and monitoring
• B)Control environment, control procedures, control activities, communication, and monitoring
• C)Control procedures, control activities, information, communication, and monitoring
• D)Control procedures, risk assessment, control activities, information and communication, and monitoring

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Definitions:

Cyber Loafing

The act of using the internet for personal purposes during work hours, often leading to reduced productivity.

Human Side of Enterprise

Refers to the importance of understanding and managing the human, emotional, and social aspects of organizational life.

Douglas McGregor's Contribution

Refers to his Theory X and Theory Y, which are concepts regarding human behavior and motivation in the workplace, suggesting different management and leadership styles.

Sexual Harassment

Unwanted or unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature in the workplace or educational settings.