According to the COSO definition, internal control should address objectives in all of the following categories except:
A)Company operations.
B)Legal matters.
C)External reporting.
D)Fraud.

Question

Quizplus · Accepted Answer

Fraud is not a separate category of objectives in the COSO framework; it is considered a risk that internal controls should mitigate within the categories of operations, reporting, and compliance.

According to the COSO Definition, Internal Control Should Address Objectives