COSO Describes Five Components of Internal Control

question 9

Multiple Choice

COSO describes five components of internal control.Which of the following terms is best described as "policies and procedures that help ensure management directives are carried out and management objectives are achieved"?

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

---

Definitions:

Communication Process

The steps and channels through which information and messages are sent from a sender to a receiver, including encoding, medium selection, decoding, and feedback.

Choosing A Channel

The process of selecting the most effective means of conveying a message, whether it be verbal, non-verbal, digital, or print media.

Encoding

The process of organizing ideas into a series of symbols, such as words and gestures, designed to communicate with a receiver.

Marital Disputes

Conflicts or disagreements between married partners, which can range from everyday disagreements to serious arguments that might require mediation.