The COSO Framework Is Built on Five Interrelated Components

question 42

Multiple Choice

The COSO framework is built on five interrelated components.Which of the following is NOT one of them?

• A) Control environment
• B) Risk assessment
• C) Control activities
• D) Information management

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Definitions:

Physiological Needs

Fundamental human requirements for sustaining life, including air, water, food, shelter, and sleep, critical for survival.

Safety Needs

As identified by Maslow, these are the second level of human needs in his hierarchy, including personal and financial security, health, and well-being, and protection against accidents or harm.

Humanistic Approach

A psychological perspective emphasizing the study of the whole person and their uniqueness, focusing on their potential for personal growth.

Free Will

The concept that human beings have the power to make choices that are not determined by natural or divine forces.