Which of the following COSO components is the foundation for all other components of internal control?
A)Control risk assessment.
B)Control environment.
C)Information and communication.
D)Monitoring.

Question

Quizplus · Accepted Answer

The control environment is the foundation for all other components of internal control as it sets the tone for the organization's control consciousness and influences how other components are implemented and operated. The control environment includes the integrity and ethical values of the organization, management's philosophy and operating style, organizational structure, and the assignment of authority and responsibility.

Which of the Following COSO Components Is the Foundation for All