Five components are as following: Can any of these five components be combined for the COSO? Control environment Control activities Risk assessment Information and communication Monitoring

Question

Question

Five components are as following: Can any of these five components be combined for the COSO?

Answer 1

Answer #1

The COSO framework was introduced in the year 2013. The framework has stated 5 components for the COS framework. These are:

1. Control environment.

2. Control activites.

3. Risk assessment.

4. Information and communtication.

5. Monitoring.

All the above activities, collectively constitute the COSO environment.

Answer 2

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