Which COSO Internal Control-Integrated Framework Essential Component of an Effective

question 108

Multiple Choice

Which COSO Internal Control-Integrated Framework essential component of an effective internal control system involves assessing internal controls as well as the process for taking corrective action?

• A)Control Environment
• B)Risk Assessment
• C)Monitoring
• D)Control Activities

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Definitions:

Field List

A window or pane in database and software development tools that displays the fields available from a data source, such as a table or query.

CustomerName Field

A database field specifically designed to store the name information of a customer.

A-Z Order

Arranging data in ascending alphabetical order from A to Z, based on the first character of the dataset elements.

Calculated Field

A field in databases or spreadsheets that performs a calculation based on other fields and stores the result.