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:

Plantations

Large farms in tropical or subtropical climates that specialize in the mass production of a single crop or product.

Southern Slaves

Individuals held in bondage in the Southern United States, forced to work without pay, primarily in agriculture, until emancipation in the 19th century.

Gullah

An African American community living on the Sea Islands and in the coastal region of the Southern United States, known for preserving more of their African linguistic and cultural heritage than any other African American community.

Freed Slaves

Individuals who were emancipated from slavery, particularly in the United States following the Civil War and the Emancipation Proclamation.