Which of the following is not a component of internal control as defined by COSO?
A)Control environment.
B)Control activities.
C)Inherent risk.
D)Monitoring.

Question

Quizplus · Accepted Answer

Inherent risk is not a component of internal control as defined by COSO. The components are control environment, risk assessment, control activities, information and communication, and monitoring.

Which of the Following Is Not a Component of Internal