The COSO Report Identified a Component of Internal Control as the Policies

question 54

Multiple Choice

The COSO report identified a component of internal control as the policies and procedures that help ensure that management directives are carried out and that management directives are achieved The component is:

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

---

Definitions:

SMART Goals

Stands for Specific, Measurable, Achievable, Relevant, and Time-bound goals, embodying a criterion for setting clear and attainable objectives.

Intrinsic And Extrinsic Rewards

Internal satisfaction and external benefits, respectively, received from engaging in a task or activity.

Employee Assistance And Wellness Programs

Services offered by employers to support the mental, physical, and emotional health of employees, often including counseling and health resources.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.