COSO:
A) is the body that established an internal control standards framework referenced by the PCAOB.
B) published a document that explains what an internal control system should be like to be effective.
C) is the acronym widely used to refer to the Committee of Sponsoring Organizations of the Treadway Commission.
D) All of the above.

Question

Quizplus · Accepted Answer

COSO (Committee of Sponsoring Organizations of the Treadway Commission) is the body that established an internal control standards framework referenced by the PCAOB (Public Company Accounting Oversight Board). Additionally, COSO published a document that explains what an internal control system should be like to be effective. Therefore, all of the above options are correct.