Which of the following principles is within the control environment component of the seventeen COSO principles of internal control?
A)The organization demonstrates a commitment to attract, develop, and retain competent individuals in alignment with objectives.
B)The organization specifies objectives with sufficient clarity to enable the identification and assessment of risks relating to objectives.
C)The organization identifies risks to the achievement of its objectives across the entity and analyzes risk as a basis for determining how the risks should be managed.
D)The organization considers the potential for fraud in assessing the risks to the achievement of objectives.

Question

Quizplus · Accepted Answer

The principle that "the organization demonstrates a commitment to attract, develop, and retain competent individuals in alignment with objectives" is within the control environment component of the COSO principles of internal control. This principle relates to creating a culture of ethical behavior and ensuring that personnel have the appropriate skills and abilities to carry out their responsibilities effectively.

Which of the Following Principles Is Within the Control Environment