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

question 22

Multiple Choice

Which COSO Internal Control-Integrated Framework essential component of an effective internal control system includes the accounting system for identifying, recording, processing, and reporting transactions and financial data?

• A)Monitoring
• B)Information and Communication
• C)Control Activities
• D)Control Environment

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Definitions:

Program

A sequence of instructions written to perform a specified task with a computer.

Hardware Device

A physical component of a computer system that performs a specific function, such as a keyboard, mouse, hard drive, or printer.

Compressing

The act of reducing the size of files or data to save space or expedite transmission, usually through a process that removes redundancies.

Zipping

The process of compressing files or folders into a single file to reduce their size for easier storage or transmission.