Which of the following statements concerning the COSO Internal Control Integrated Framework is TRUE?
A) COSO provides guidance for SOX compliance in the form of the Internal Control Integrated Framework.
B) The Internal Control Integrated Framework is a controls-based approach to risk management that is widely accepted.
C) The Internal Control Integrated Framework consists of control objectives and components and related principles.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

All the statements about the COSO Internal Control Integrated Framework are true. It provides guidance for SOX compliance, is a controls-based approach to risk management, and consists of control objectives, components, and related principles.

Which of the Following Statements Concerning the COSO Internal Control