The COSO framework component ____ provides the foundation of all internal control components.
A) Control environment
B) Risk assessment
C) Control activities
D) Information management

Question

Quizplus · Accepted Answer

The control environment is considered the foundation of all internal control components as it sets the tone for the organization and influences the other components. It includes factors such as ethics, integrity, and governance structure that contribute to the overall control environment. The other components (risk assessment, control activities, information management, and monitoring) build upon the foundation set by the control environment.

The COSO Framework Component ____ Provides the Foundation of All