Both the SEC and the PCAOB require management to use the COBIT framework for assessing internal control adequacy.

Question

Quizplus · Accepted Answer

While the SEC and the PCAOB recommend the use of the COBIT framework as a helpful tool in assessing internal control adequacy, they do not require its use. The COSO framework is the most commonly used framework for internal control assessment and is often referenced in SEC and PCAOB guidance.

Both the SEC and the PCAOB Require Management to Use