Cortez works for a large retailer that sells various kinds of linens (towels, sheets, blankets, pillow cases). He recommends establishing an internal audit function to manage a comprehensive risk management plan. In the COSO enterprise risk management framework, his recommendation is most closely associated with: Control activities.

Question

Quizplus · Accepted Answer

Control activities are the policies and procedures that help ensure that management's directives are carried out. They include activities such as approving purchase orders, reconciling bank statements, and performing physical inventory counts.

Cortez Works for a Large Retailer That Sells Various Kinds