The principle of selecting and developing controls that might help mitigate risks to an acceptable level belongs to which of the COSO's Internal Control Model's component?
A)Control environment.
B)Risk assessment.
C)Control activities.
D)Information and communication.

Question

Quizplus · Accepted Answer

The principle of selecting and developing controls to mitigate risks to an acceptable level falls under the Control Activities component of the COSO Internal Control Model. This component provides guidance on establishing specific policies and procedures to ensure that management's directives are executed effectively and risks are mitigated to an acceptable level.

The Principle of Selecting and Developing Controls That Might Help