Which one of the following COSO components of internal controls influences the tone for the organization?
A) Control risk assessment.
B) Control environment.
C) Information and communication.
D) Monitoring.

Question

Quizplus · Accepted Answer

The control environment of COSO sets the tone for the organization, establishing the foundation for all other components of internal control. It is the attitude and actions of management and the board regarding the importance of internal control and its influence on the entity's operations. Control risk assessment, information and communication, and monitoring are important components but do not specifically influence the tone for the organization.

Which One of the Following COSO Components of Internal Controls