COSO lists five components of internal control: control environment, risk assessment, control activities, information and communication, and monitoring. Indicate the COSO component that matches with each of the following internal control activities. a. Independent review of controls c. Reporting of control effectiveness b. Executives’ strong ethics d. Analyses of fraud risk factors

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Chapter1: Financial Statements And Business Decisions
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COSO lists five components of internal control: control environment, risk assessment, control activities,
information and communication, and monitoring. Indicate the COSO component that matches with each
of the following internal control activities.
a. Independent review of controls c. Reporting of control effectiveness
b. Executives’ strong ethics d. Analyses of fraud risk factors

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