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How many principles are there is the 2013 updated COSO - Internal Control Framework?

a. 21
b. 17
c. 5
d. 8

1 Answer

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Final answer:

The updated 2013 COSO Internal Control Framework includes 17 principles, which are categorized under five components of internal control to guide organizations in effective implementation.

Step-by-step explanation:

The 2013 updated COSO - Internal Control Framework includes 17 principles that are organized under five components of internal control. The five components are: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring Activities. Each of these components is critical to effective internal control systems and the 17 principles provide specific guidance on how to apply the components.

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