According to COBIT 5, an organization's information technology governance and management should apply a single integrated framework for managing information.Which of the following best pairs an established framework with an element of the framework?
A)FASB Conceptual Framework of Accounting, qualitative characteristics of internal control
B)FASB Conceptual Framework of Accounting, elements of financial statements
C)Both FASB Conceptual Framework of Accounting, qualitative characteristics of internal control and FASB Conceptual Framework of Accounting, elements of financial statements
D)Neither FASB Conceptual Framework of Accounting, qualitative characteristics of internal control nor FASB Conceptual Framework of Accounting, elements of financial statements

Question

Quizplus · Accepted Answer

The FASB Conceptual Framework of Accounting is paired with the elements of financial statements, which include assets, liabilities, equity, income, and expenses. This framework is used as a basis for financial reporting standards in the United States. However, it is not directly related to COBIT 5 and its integrated framework for managing information technology governance and management. The other answer choices are irrelevant to the question.

According to COBIT 5, an Organization's Information Technology Governance and Management