Which organization issued the Internal Control, Integrated Framework which serves as the primary criterion for evaluating the quality of a company's internal control system?
A) PCAOB.
B) COSO.
C) AICPA.
D) GAO.

Question

Quizplus · Accepted Answer

The Committee of Sponsoring Organizations (COSO) issued the Internal Control Integrated Framework, which is considered the leading framework for evaluating the effectiveness of an organization's internal control. The PCAOB, AICPA, and GAO are other organizations that have roles in auditing and financial reporting but did not issue this specific framework.

Which Organization Issued the Internal Control, Integrated Framework Which Serves