Question

COSO describes 5 components of internal control. Which of the following terms is best describes as "policies and procedures that help ensure management directives are carried out and management objectives are achieved"?

a)risk assessment
b)info and communication
c)control activities
d)control environment

Answer 1

Control Activities are policies and procedures that help ensure management directives are carried out and management objectives are achieved.

Step-by-step explanation:

The term that best describes the policies and procedures that help ensure management directives are carried out and management objectives are achieved is Control Activities. Control activities are the specific actions and tasks that management puts in place to reduce risks and achieve organizational goals. They include activities such as approvals, verifications, reconciliations, and segregation of duties.