Which Component of COSO's Internal Control System Concerns the Process

question 65

Multiple Choice

Which component of COSO's internal control system concerns the process that provides feedback on the effectiveness of the other four components of internal control?

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

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Definitions:

Network Facilitator

A person or tool that assists in the creation, management, and maintenance of networks, ensuring effective communication, collaboration, and resource sharing among participants.

Supervisor

An individual in charge of overseeing the work of employees and ensuring that tasks are completed efficiently and effectively.

Participant

A person who takes part in or becomes involved in a particular activity or event.

Follower

A follower is an individual who supports and is guided by another person or by a group, often within the context of an organizational hierarchy or social movement.