One of the Contributions of the Treadway Commission Report and the work of the Committee of Sponsoring Organizations (COSO) was:
A)To establish a voluntary process for peer review
B)To identify red flags that might lead to fraud
C)To identify the tone at the top for management to create an ethical culture
D)To establish peer review requirements for CPAs

Question

Quizplus · Accepted Answer

The Treadway Commission Report and COSO's work emphasized the importance of creating an ethical culture and establishing a "tone at the top" that encourages ethical behavior throughout an organization. While peer review processes and identifying red flags for fraud are important, they were not the primary focus of these initiatives. Therefore, the best choice is C - to identify the tone at the top for management to create an ethical culture.

One of the Contributions of the Treadway Commission Report and the Work