This Control Framework Defines Internal Controls and Provides Guidance for Evaluating

question 74

Multiple Choice

This control framework defines internal controls and provides guidance for evaluating and enhancing internal control systems.

• A)ISACF's control objectives for information and related technology
• B)COSO's internal control framework
• C)COSO's enterprise risk management framework
• D)None of the above

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Definitions:

Greater Good

An action or policy prioritized for its benefit to the community or society as a whole, rather than to individuals.

Rule

A prescribed guide for conduct or action established by an authority, principle, or procedure that governs behavior.

Omission

The act of leaving out or excluding something, either intentionally or inadvertently, from consideration or action.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service.