Coso Exam 2 UPDATED ACTUAL Exam Questions and CORRECT Answers

Coso Exam 2 UPDATED ACTUAL Exam
Questions and CORRECT Answers
component 1 - CORRECT ANSWER - control environment


the organization demonstrates a commitment to _____ and _______ _______ - CORRECT
ANSWER - Integrity and ethical values



The board of directors demonstrates _______ from management - CORRECT ANSWER -
independence


and ________ ________ of the development and performance of internal control. - CORRECT
ANSWER - exercises oversight


________ establishes, with _____ oversight, structures, reporting lines, and appropriate
authorities - CORRECT ANSWER - Management, board



and responsibilities in the ____ ___ _______. - CORRECT ANSWER - pursuit of
objectives


The organization demonstrates a commitment to attract, develop, and retain ______ _______ in
alignment with objectives. - CORRECT ANSWER - competent individuals


The organization _____ ________ ______ for their internal control responsibilities in the pursuit
of objectives. - CORRECT ANSWER - holds individuals accountable



component 2 - CORRECT ANSWER - risk assessment


The organization specifies ____ with _____ _____ to enable the identifica tion and assessment of
risks relating to objectives. - CORRECT ANSWER - objectives with sufficient clarity