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Question
consistent with the coso framework, an effective internal control system includes the control environment. the control environment refers to
multiple choice
the reliability of financial information
the risk of failing to achieve company objectives
the ethical tone set by top management
accountability through separation of duties
In the COSO framework, the control environment is influenced by the ethical tone set by top - management. It encompasses the attitudes, awareness, and actions of the board of directors and management regarding the importance of control within the organization. The reliability of financial information is related to control objectives, the risk of failing to achieve company objectives pertains to risk assessment, and accountability through separation of duties is a control activity.
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C. The ethical tone set by top management