The 2013 COSO Report Identifies Five Components for an Effective

question 1

Multiple Choice

The 2013 COSO Report identifies five components for an effective internal control system.Which of those five establishes the tone of a company and influences the control awareness of the company's employees?

• A)Control procedures
• B)Control environment
• C)Control activities
• D)Information and communication

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Definitions:

Adelbert Ames

A Union General in the American Civil War and later a politician who served as Governor of Mississippi during the Reconstruction era.

Black Families

Refers to family units or kinship groups within the African American community, often studied in the context of sociology and history for their dynamics, structure, and cultural heritage.

Northern Capitalists

Wealthy industrialists and financiers from the northern United States who played a significant role in the country's economic development post-Civil War.

Freedpeople

Individuals who have been released from the condition of slavery, often in the context of the 19th-century United States following the Civil War.