Which COSO Component of Internal Control Concerns the Process of Identifying,capturing,and

question 77

Multiple Choice

Which COSO component of internal control concerns the process of identifying,capturing,and exchanging information in a timely fashion to enable accomplishment of the organization's objectives?

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

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Definitions:

Participative Style

A leadership approach that involves all members of a team or organization in identifying essential goals and developing strategies for reaching those goals.

Self-Esteem

An individual's subjective evaluation of their own worth or value.

Leadership Selection

The process of choosing individuals to guide, influence, and direct a group towards achieving its goals.

Organizational Decision-Making

The process through which an organization's leaders and stakeholders identify and resolve issues, make choices among alternatives, and commit to actions.