A Component of COSO's Internal Control System Concerns the Process

question 47

Multiple Choice

A component of COSO's internal control system concerns the process that provides feedback on the effectiveness of the other components of internal control.This component is called:

• A)information and communication.
• B)monitoring.
• C)control activities.
• D)risk assessment.

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Definitions:

Emotional Numbness

A state in which an individual feels a disconnect from emotional experiences, often as a coping mechanism in response to trauma or stress.

Self-Discipline

The ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.

Geometry Class

An educational course focusing on the study of shapes, sizes, properties, and spatial relationships of various figures and solids.

Social Rejection

The experience of being deliberately excluded or dismissed by individuals or groups in a social context.