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Questions and Answers
Which of the following are the three objectives of the COSO Internal Control Framework?
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?
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?
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?
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?
Which one of the following is the correct acronym for the COSO Components of Internal Control?
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