In the COSO Internal Control-Integrated Framework, risk assessment objectives include all of the following EXCEPT
A)Identification and analysis of financial reporting risks
B)Importance of financial reporting objectives
C)Assessment of fraud risk
D)Risks of financial controls

Question

Quizplus · Accepted Answer

The COSO framework's risk assessment objectives focus on identifying and analyzing risks related to financial reporting and fraud, not specifically on the risks of financial controls themselves.

In the COSO Internal Control-Integrated Framework, Risk Assessment Objectives Include