Question: What role does risk assessment play in the COSO framework concerning the adoption of blockchain technology? It eliminates the need for internal controls in the
What role does risk assessment play in the COSO framework concerning the adoption of blockchain technology?
It eliminates the need for internal controls in the presence of blockchain.
It is not relevant to the adoption of blockchain technology.
It helps organizations evaluate the impact of blockchain on their internal controls and entity structure.
It shifts the focus from management assertions to external audit procedures.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
