The COSO Report, Internal Controls -- Integrated Framework, Identified Interrelated

question 24

Multiple Choice

The COSO report, Internal Controls -- Integrated Framework, identified interrelated components of internal control.Which of the following is not one of those components?

• A)Monitoring
• B)Risk assessment
• C)Control activities
• D)Enterprise risk management

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Definitions:

Df

Short for Degrees of Freedom, it represents the number of independent pieces of information available to estimate another piece of information.

F-Ratio

A statistical value used to compare variances in analyses of variance (ANOVA), indicating the ratio of systematic variance to error variance.

Factor B

Factor B usually represents a variable or an element in an experiment that is manipulated to observe its effect on an outcome, distinguishable from Factor A.

MSB

Mean Square Between; a term used in ANOVA to describe the average of squared differences between group means and the overall mean.