One of the contributions of the Treadway Commission Report and the work of the Committee of Sponsoring Organizations (COSO) was:
A) To establish a voluntary process for peer review
B) To identify red flags that might lead to fraud
C) To identify the tone at the top for management to create an ethical culture
D) To establish peer review requirements for CPAs

Question

Quizplus · Accepted Answer

The Treadway Commission Report and COSO's work emphasized the importance of the tone at the top for management to create an ethical culture within the organization. While A and D also relate to the accounting profession and auditing standards, they are not direct contributions of these bodies of work. Option B was also highlighted but not as a direct contribution.

One of the Contributions of the Treadway Commission Report and the Work