Which of the following is not true of the concepts that are embodied in the COSO framework of internal controls?
A)Internal controls relate to the organization's objectives.
B)The six components of internal control are logically and operationally intertwined.
C)Internal controls apply across all activities of the organization.
D)All of the above are true.

Question

Quizplus · Accepted Answer

The COSO framework of internal controls actually identifies five, not six, components of internal control: control environment, risk assessment, control activities, information and communication, and monitoring activities.

Which of the Following Is Not True of the Concepts