8. COSO has an exposure draft for five risk component. Which of the following also relates to Internal Control System’s Control Environment? Group of answer choices Monitoring Enterprise Risk Management Performance Risk Information, Communication, and Reporting Risk, Strategy, and Objective Setting None of the choices Risk Governance and Culture

8. COSO has an exposure draft for five risk component. Which of the following also relates to Internal Control System’s Control Environment? Group of answer choices Monitoring Enterprise Risk Management Performance Risk Information, Communication, and Reporting Risk, Strategy, and Objective Setting None of the choices Risk Governance and Culture

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

COSO has an exposure draft for five risk component. Which of the following also relates to Internal Control System’s Control Environment?

Group of answer choices

Monitoring Enterprise Risk Management Performance

Risk Information, Communication, and Reporting

Risk, Strategy, and Objective Setting

None of the choices

Risk Governance and Culture

Processes and procedures involved in achieving the organizational goals and objectives for the daily operations of a company. Control systems involve all the operational control systems, their implementation, and strategic control processes.

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