This organization developed a set of criteria that provide management with a basis to evaluate controls not only over financial reporting,but also over the effectiveness and efficiency of operations and compliance with laws and regulations:
A)Foreign Corrupt Practices Corporation.
B)Committee of Sponsoring Organizations.
C)Cohen Commission.
D)Financial Accounting Standards Board.

Question

Quizplus · Accepted Answer

The Committee of Sponsoring Organizations (COSO) developed a framework that includes criteria for evaluating controls related to financial reporting, as well as controls related to operations, compliance with laws and regulations, and safeguarding of assets. This framework is widely used by organizations to assess and enhance their internal control systems. The other options (A, C, and D) are not directly related to this framework or its development.

This Organization Developed a Set of Criteria That Provide Management