The COSO Framework, Updated in 2013, Provides a Rules-Based Approach

question 39

True/False

The COSO framework, updated in 2013, provides a rules-based approach that provides additional guidance on designing and implementing an effective system of internal controls.

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Definitions:

Minor Premise

The second proposition in a syllogism, from which along with the major premise the conclusion is derived.

Categorical Syllogism

A logical argument that derives a conclusion from two statements, asserting or denying something about a category.

Mood

In logic, the structure of a categorical syllogism based on the type of categorical propositions it contains (e.g., AAA, EAE).

Figure

A numerical symbol, especially one that represents a statistic or part of a calculation.