The COSO report states that management should enact five components related to internal control objectives including each of the following except for:
A) Control environment
B) Risk assessment
C) Risk activities
D) Monitoring

Question

Quizplus · Accepted Answer

The COSO framework outlines five components of internal control objectives, which include control environment, risk assessment, control activities, monitoring, and information and communication. The option (C) Risk activities is not one of the components. Therefore, the correct answer is (C).

The COSO Report States That Management Should Enact Five Components