COSO Internal Control - Integrated
Framework Practice Exam Guide
What are the 4 Framework principles of risk assessment? - Correct
Answer ✔️✔️-The organization specifies with sufficient clarity to
enable the identification and assessment of risks relating to objectives
-The organization identifies risks to the achievement of its objectives
across the entity and analyzes risks as a basis for determining how the
risks should be managed
-The organization considers the potential for fraud in assessing risks
to the achievement of objectives
, -The organization identifies and assesses changes that could
significantly impact the system of internal control
What are the 3 Framework principles of control activities? - Correct
Answer ✔️✔️-The organization selects and develops control
activities that contribute to the mitigation of risks to the achievement
of objectives to acceptable levels
-The organization selects and develops general control activities over
technology to support the achievement of objectives
-The organization deploys control activities through policies that
establish what is expected and procedures that put policies into
action
What are the 3 Framework principles of information and
communication? - Correct Answer ✔️✔️-The organization
Framework Practice Exam Guide
What are the 4 Framework principles of risk assessment? - Correct
Answer ✔️✔️-The organization specifies with sufficient clarity to
enable the identification and assessment of risks relating to objectives
-The organization identifies risks to the achievement of its objectives
across the entity and analyzes risks as a basis for determining how the
risks should be managed
-The organization considers the potential for fraud in assessing risks
to the achievement of objectives
, -The organization identifies and assesses changes that could
significantly impact the system of internal control
What are the 3 Framework principles of control activities? - Correct
Answer ✔️✔️-The organization selects and develops control
activities that contribute to the mitigation of risks to the achievement
of objectives to acceptable levels
-The organization selects and develops general control activities over
technology to support the achievement of objectives
-The organization deploys control activities through policies that
establish what is expected and procedures that put policies into
action
What are the 3 Framework principles of information and
communication? - Correct Answer ✔️✔️-The organization
