Question

COSO's Internal Control—Integrated Framework comprises a total of ___ categories.

Answer 1

The COSO's Internal Control—Integrated Framework consists of five categories: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring Activities.

Step-by-step explanation:

The COSO's Internal Control—Integrated Framework comprises a total of five categories. These categories, which aim to support organizations in developing and maintaining effective internal control systems, include:

1. Control Environment,
2. Risk Assessment,
3. Control Activities,
4. Information and Communication, and
5. Monitoring Activities.

Each of these categories plays a crucial role in the overall effectiveness of an organization's internal control practices, and organizations are guided to implement these components to address various internal control challenges.