The 1992 COSO Report Identifies Five Components for an Effective

question 64

Multiple Choice

The 1992 COSO report identifies five components for an effective internal control system.Which of those five establishes the tone of a company and influences the control awareness of the company's employees?

• A)Control procedures
• B)Control environment
• C)Control activities
• D)Information and communication

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Definitions:

Unconscious

Parts of the mind that are not within thought's reach and influence behaviors and feelings without conscious awareness.

Moving Away

The act of leaving one's current place of residence or location to live in another place, often for reasons like employment, education, or personal preference.

Model of Personality

A theoretical framework used to describe and explain how personalities are formed, structured, and evolve over time.

Moving Inwards

A process or action of directing attention or focus towards one's internal thoughts, feelings, or experiences rather than external stimuli.