The COSO Principle That an Organization Should Identify and Assess

question 27

Multiple Choice

The COSO principle that an organization should identify and assess changes that significantly impact the system of internal control is related to which COSO component?

• A)Control environment
• B)Risk assessment
• C)Control activities
• D)Monitoring

---

Definitions:

Vulnerable Narcissism

A form of narcissism where individuals may display sensitivity to criticism, insecurity, and a fragile self-esteem, in contrast to the grandiosity seen in overt narcissism.

Neuroticism

A characteristic of personality marked by feelings of unease, mood swings, apprehensiveness, and dread.

Extraversion

A personality trait characterized by outgoingness, high energy, and a preference for socialization and external stimulation.

Self-efficacy

An individual's belief in their capability to execute behaviors necessary to produce specific performance attainments.