The 1992 COSO report identifies five components for an effective internal control system.Which of those five includes the methods used to inform employees about their roles and responsibilities pertaining to internal control?
A)Control procedures
B)Control environment
C)Control activities
D)Information and communication

Question

Quizplus · Accepted Answer

The component that includes the methods used to inform employees about their roles and responsibilities pertaining to internal control is "Information and communication," which is one of the five components identified in the 1992 COSO report. This component involves the dissemination of information both internally and externally to enable effective internal control throughout the organization.

The 1992 COSO Report Identifies Five Components for an Effective