The Principle of Identifying and Assessing Changes That Could Significantly

question 104

Multiple Choice

The principle of identifying and assessing changes that could significantly impact the system of internal control belongs to which of the COSO's Internal Control Model's component?

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

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Definitions:

Social Work Community

A group of professionals dedicated to improving the wellbeing of individuals and communities through direct service, advocacy, and empowerment.

Campaign Promises

Commitments made by candidates during a political campaign about actions they plan to take if elected.

Opponents

Individuals or groups who oppose or contest certain ideas, policies, or actions, often presenting counterarguments or alternative perspectives.

Deliver Results

The expectation or obligation to produce outcomes that meet or exceed predetermined objectives or benchmarks.