One of the seventeen COSO principles of internal control states that "the organization holds individual accountable for their internal control responsibilities in the pursuit of objectives." To which component of internal control does this principle belong?
A)Control Environment
B)Risk Assessment
C)Control Activities
D)Information and Communication

Question

Quizplus · Accepted Answer

This principle belongs to the Control Environment component, which sets the tone of an organization, influencing the control consciousness of its people. It is the foundation for all other components of internal control, providing discipline and structure. Holding individuals accountable is a key aspect of creating a strong control environment.

One of the Seventeen COSO Principles of Internal Control States