Multiple Choice
Which of the following statements related to the COSO report is false?
A) The COSO report provided the standard definition of internal control accepted be the accounting industry.
B) The COSO report is commonly known as the Internal Control Integrated Framework.
C) The COSO report has not been updated since it was issued in 1992.
D) The COSO report was the result of a comprehensive study of interest control.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: A vendor audit occurs when a vendor
Q5: Which of the following objectives were not
Q6: The three conditions that make up the
Q8: According to the ACFE 2010 Report to
Q9: Maintaining high ethics can help prevent fraud
Q11: Feedback needed by management to assess, manage,
Q12: Which of the following is NOT one
Q19: Factors that limit the effectiveness of internal
Q54: The COSO report identified a component of
Q93: The category of control activities referred to