The COSO Report States That Management Should Enact Five Components

question 18

Multiple Choice

The COSO report states that management should enact five components related to internal control objectives including each of the following except for:

• A) Control environment
• B) Risk assessment
• C) Risk activities
• D) Monitoring

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Definitions:

Role Set

A concept describing all the roles associated with a particular social status, highlighting the complexity of social positions.

Single Status

The classification of an individual who is not legally married or in a recognized domestic partnership.

Organizations

Groups of people who work together in structured and coordinated ways to achieve a set of goals or objectives.

Individual Action

Actions or deeds carried out by a single person that can influence or impact their environment or society.