Which COSO component of internal control concerns the process of identifying,capturing,and exchanging information in a timely fashion to enable accomplishment of the organization's objectives?
A)Control activities.
B)Information and communication.
C)Monitoring.
D)Control environment.

Question

Quizplus · Accepted Answer

The component that concerns the process of identifying, capturing, and exchanging information in a timely fashion to enable accomplishment of the organization's objectives is Information and communication. This component ensures that all relevant information is identified, captured, and communicated appropriately throughout the organization in order to support internal control.

Which COSO Component of Internal Control Concerns the Process of Identifying,capturing,and