Which of the following frameworks is widely used by managers to organize and evaluate their corporate governance structure?
A)COBIT
B)COSO
C)NIST
D)SAS No.94

Question

Quizplus · Accepted Answer

The COSO framework (Committee of Sponsoring Organizations of the Treadway Commission) is widely used by managers to assess and improve the effectiveness of their corporate governance structure. It is a globally recognized standard for internal control and risk management, providing a comprehensive model for organizational governance, risk management, and control. COBIT (Control Objectives for Information and Related Technology) is a framework for IT governance, NIST (National Institute of Standards and Technology) is a framework for cybersecurity, and SAS No.94 is a standard for the auditor's consideration of internal control in a financial statement audit. While all of these frameworks may be relevant to corporate governance, COSO is the most widely used in this context.

Which of the Following Frameworks Is Widely Used by Managers