Question: The COSO 2 0 1 3 internal control framework codifies 1 7 relevant principles associated with the five components of internal control. Match the following

The COSO 2013 internal control framework codifies 17 relevant principles associated with the five components of internal control. Match the following principles with the five components.
Group of answer choices
Management establishes, with board oversight, structures, reporting lines, and appropriate authorities and responsibilities in the pursuit of objectives.
[ Choose ]Risk assessmentControl environmentInformation and communicationMonitoring activitiesControl activities
The organization deploys control activities through policies that establish what is expected and procedures that put policies into place.
[ Choose ]Risk assessmentControl environmentInformation and communicationMonitoring activitiesControl activities
The organization considers the potential for fraud in assessing risks to the achievement of objectives.
[ Choose ]Risk assessmentControl environmentInformation and communicationMonitoring activitiesControl activities
The organization holds individuals accountable for their internal control responsibilities in the pursuit of objectives.
[ Choose ]Risk assessmentControl environmentInformation and communicationMonitoring activitiesControl activities
The organization obtains or generates and uses relevant, quality information to support the functioning of internal control.
[ Choose ]Risk assessmentControl environmentInformation and communicationMonitoring activitiesControl activities
The organization evaluates and communicates internal control deficiencies in a timely manner to those parties responsible for taking corrective action, including senior management and the board of directors, as appropriate.
[ Choose ]Risk assessmentControl environmentInformation and communicationMonitoring activitiesControl activities

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!