The key part of the COSO Internal Control Integrated Framework that functions as the steps to implement an effective system of internal control is referred to as the
A) control objectives.
B) control components.
C) framework objectives.
D) framework components.

Question

Quizplus · Accepted Answer

The COSO Internal Control Integrated Framework outlines five interrelated components of internal control: control environment, risk assessment, control activities, information and communication, and monitoring activities. These components function as the steps or core areas to focus on when implementing an effective system of internal control.

The Key Part of the COSO Internal Control Integrated Framework