The Committee of Sponsoring Organizations (COSO) explains the importance of the control environment to internal controls by stating that it sets the tone of an organization, influencing the control consciousness of its people. It is the foundation for all aspects of internal control, providing discipline and structure. Explain what is meant by this statement.

issues of ethics, regulation and compliance and the extent to which they are constraints or threats to the organisation

Who has primary responsibility for overseeing the establishment, implementation, and evaluation of risk management and controls? I Operating managers. B) Internal auditors. External auditors. Senior management

Auditors must consider these five components of COSO internal controls when understanding the client and its internal controls Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a control environment, tone at the top, risk assessment, segregation of duties, monitoring b control environment, tone at the top, risk assessment, control activities, monitoring c control activities. control environment, risk assessment, info and communications, monitoring d control activities, control environment, monitoring, tone at the top, info and commumication