Which of the following is the best definition of the COSO Cube?
A) The COSO Cube is a die rolled to determine which control component to execute for the day.
B) The COSO Cube is a diagram used to list control objectives for a firm.
C) The COSO Cube is a three-dimensional illustration of how management, internal audit, and external audit work together.
D) The COSO Cube is a three-dimensional illustration that depicts how all parts of the Internal Control Integrated Framework are related.

Question

Quizplus · Accepted Answer

The COSO Cube is a visual representation of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control-Integrated Framework. It illustrates the relationship between the objectives (operations, reporting, and compliance), the components of internal control, and the organizational structure (entity-level, division, operating unit, and function).

Which of the Following Is the Best Definition of the COSO