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 internal control framework codifies 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
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