The COSO report stresses that:
A)Internal control is a process
B)An internal control system,if properly designed,can become a substitute for management
C)People only at high levels of an organization are an important part of an internal control system
D)An internal control system should consist of three interrelated components: the control environment,risk assessment,and control activities

Question

Quizplus · Accepted Answer

Internal control is indeed a process, as emphasized by the COSO report, which involves ongoing tasks and activities.

The COSO Report Stresses That