Which of the Following Does the COSO Framework Identify as an Objective

question 71

Multiple Choice

Which of the following does the COSO framework identify as an objective of internal control?

• A)efficiency and effectiveness of management and the board of directors
• B)placement and efficiency of internal controls
• C)reliability of financial reporting
• D)compliance with laws and regulations
• E)reliability of the five components of internal control
• F)both A and B
• G)both C and D
• H)both A and E

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Definitions:

Mead

An alcoholic beverage created by fermenting honey with water, sometimes with the addition of fruits, spices, grains, or hops.

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A professional who buys and sells stocks and other securities on behalf of clients in exchange for a fee or commission.

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