Question

The framework that is used to assess the effectiveness of a company's internal control was established by the

-Securities and Exchange Commission.
-Financial Accounting Standards Board.
-Committee of Sponsoring Organizations of the Treadway Commission.
-American Institute of Certified Public Accountants.

Answer 1

The framework that is used to assess the effectiveness of a company's internal control was established by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Step-by-step explanation:

The framework that is used to assess the effectiveness of a company's internal control was established by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

COSO is an organization that was formed in 1985 and its framework has become widely accepted as the standard for internal control assessment.

It provides a comprehensive approach for companies to evaluate and improve their internal control systems, which are crucial for safeguarding assets and ensuring accurate financial reporting.