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

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Definitions:

Symbolic Racism

A form of racism expressed subtly in the guise of fairness and opposition to policies that could promote equality.

Kernel of Truth Hypothesis

The notion that stereotypes, while significantly exaggerated, may originate from some element of actual experience or reality.

Stereotypes

Simplified and generalized beliefs or notions held about individuals or groups, often leading to prejudgments without factual basis.

Institutional Discrimination

Systemic policies or practices within organizations or societies that disadvantage certain groups.