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Which of the following is  not a principle related to information and communicating in the updated COSO...

Which of the following is  not a principle related to information and communicating in the updated COSO Integrated Control framework?

a

Communicate relevant internal control matters to external parties.
b

Surround internal control processes with information technology that enables discrepancies to be identified.
c

Obtain or generate relevant, high-quality information to support internal control.
d

Internally communicate the information necessary to support the other components of internal control.

The COBIT5 framework primarily relates to

a

best practices and effective governance and management of information technology.
b

best practices and effective governance and management of organizational assets.
c

best practices and effective governance and management of public companies.
d

best practices and effective governance and management of private companies.

The Sarbanes-Oxley Act (SOX) applies to

a

all private and public companies incorporated in the United States.
b

publicly traded companies with gross annual revenues exceeding $500 million.
c

all publicly traded companies.
d

all companies with gross annual revenues exceeding $500 million.
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Answer #1

Ans: The correct option for the answer is option B i.e. Surround internal control processes with information technology that enables discrepancies to be identified

Ans: The correct option for the answer is option B i.e. best practices and effective governance and management of organizational assets

Ans: The correct option for the answer is option C i.e. All publicly traded companies

Note: for any query, feel free to ask.

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