Which component of COSO's internal control system concerns the process that provides feedback on the effectiveness of the other four components of internal control?
A)Information and communication.
B)Monitoring.
C)Control activities.
D)Risk assessment.

Question

Quizplus · Accepted Answer

Monitoring is the component of COSO's internal control system that concerns the process that provides feedback on the effectiveness of the other four components of internal control. It involves assessing the quality of internal control performance over time and taking corrective action to address identified deficiencies.

Which Component of COSO's Internal Control System Concerns the Process