COSO Internal Control Framework Quiz
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Questions and Answers

Which of the following are the three objectives of the COSO Internal Control Framework?

  • Oversight, Reliability, Control
  • Operations, Reporting, Compliance (correct)
  • Efficiency, Accuracy, Transparency
  • Prevention, Detection, Correction

    • What does the 'C' stand for in the CRIME acronym for COSO's internal control components?

  • Control environment (correct)
  • Competence
  • Communication
  • Coordination

    • Which of the following is not one of the principles in the EBOCA acronym for Control Environment?

  • Accountability (correct)
  • Organizational structure
  • Ethics
  • Board independence

    • What does the 'A' stand for in the SAFR acronym for Principles of Risk Assessment?

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    Which one of the following is the correct acronym for the COSO Components of Internal Control?

    <p>CRIME</p> Signup and view all the answers

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