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5-1 Problem Set\ Question 3 of 10\ Column 1\ Column 2\ A. Control environment, risk assessment, control activities, information and communication, monitoring.\ B. Requires public companies to select and use a formal internal control framework for implementing and reporting annually on the effectiveness of internal controls.\ C. Created in response to the accounting scandals from 1995-2005, specifically, those involving Enron, Tyco, and WorldCom.\ D. Consists of 3 objectives, 5 components, and 17 principles.\ E. The CEO and CFO must certify that the company's financial statements fairly present financial reality, are not misleading, and were reviewed by management.\ eTextbook and Media

A. Control environment, risk assessment, control activities, information and communication, monitoring. B. Requires public companies to select and use a formal internal control framework for implementing and reporting annually on the effectiveness of internal controls. C. Created in response to the accounting scandals from 1995-2005, specifically, those involving Enron, Tyco, and WorldCom. D. Consists of 3 objectives, 5 components, and 17 principles. E. The CEO and CFO must certify that the company's financial statements fairly present financial reality, are not misleading, and were reviewed by management