US CMA Part 1 · Chapter 5 · Question 1 of 23
Which of the following is NOT one of the five components of internal control in the COSO Internal Control - Integrated Framework (2013)?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Objective setting
Explanation
The five COSO internal control components are control environment, risk assessment, control activities, information and communication, and monitoring activities. Objective setting is a component of the earlier COSO enterprise risk management framework, not of the internal control framework.
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