Multiple Choice
One of the seventeen COSO principles of internal control states that "the organization holds individual accountable for their internal control responsibilities in the pursuit of objectives." To which component of internal control does this principle belong?
A) Control Environment
B) Risk Assessment
C) Control Activities
D) Information and Communication
Correct Answer:

Verified
Correct Answer:
Verified
Q43: As per the COSO Framework, the operations
Q44: A control ensuring that sales are recorded
Q45: A major benefit of an IT system
Q46: An integrated audit focuses on _.<br>A)integrating the
Q47: Computer general controls pertain to _.<br>A)only the
Q49: Transaction-level controls are those controls that _.<br>A)respond
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Q51: A shipping document which serves as acknowledgement
Q52: What does COSO define as a process
Q53: The transaction flow in a typical sales