The internal control model developed by COSO is comprised of five interrelated components.Among these components is the internal environment.Which attribute below is not part of the internal environment?
A)the competence of an organization's people
B)the integrity of an organization's people
C)monitoring activities within the organization itself
D)the ethical values of an organization's people

Question

Quizplus · Accepted Answer

Monitoring activities within the organization itself is not part of the internal environment component of the COSO internal control model. The internal environment includes factors such as the tone at the top, the organizational structure, the organizational culture, the competence and integrity of people, and the ethical values of people. Monitoring activities are part of the monitoring component of the COSO internal control model.

The Internal Control Model Developed by COSO Is Comprised of Five