Which of the following COSO components is the foundation for all other components of internal control?...
Which of the following COSO components is the foundation for all other components of internal control?
a. Control environment.
b. Control risk assessment.
c. Monitoring.
d. Information and communication.
Homework Answers
The correct answer is a) Control environment
Explanation
a control environment is the foundation on which effective internal controls are operated and built in an organisation. This is the foundational component of COSO Frame work. This components sets out all the standards and t=structures to carry on the internal control process in an organisation.
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Which of the following COSO components is the foundation for all
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