The Third Component of COSO's Internal Control Model Is Risk

question 1

Multiple Choice

The third component of COSO's internal control model is risk assessment.Part of risk assessment is to identify threats to companies.If a company does the right things in the wrong way,this is known as

• A)a strategic threat.
• B)an operating threat.
• C)a financial threat.
• D)an information threat.

---

Definitions:

Standard Deviation

Standard deviation is a statistical measure of the dispersion or variability within a set of data points, indicating how spread out the data points are from the mean.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from its mean.

Sample Average

The sum of all values in a sample divided by the number of values, providing a central tendency measure of the sample.

Population Average

The mean value calculated for a specific characteristic within a given population.