The principle of holding individuals accountable for their internal control responsibilities in pursuit of objectives belongs to which of the COSO's Internal Control Model's component?
A)Control environment.
B)Risk assessment.
C)Control activities.
D)Information and communication.

Question

Quizplus · Accepted Answer

The principle of holding individuals accountable for their internal control responsibilities is part of the Control Environment component of COSO's Internal Control Model. The Control Environment sets the tone of an organization, influencing the control consciousness of its people. It is the foundation for all other components of internal control, providing discipline and structure.

The Principle of Holding Individuals Accountable for Their Internal Control