Senior Internal Controls (COSO Framework)

Test your Senior-level Internal Controls Coso Framework skills in Regulations Compliance. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

A key update in the 2013 COSO framework was the formalization of 17 principles. The primary purpose of this change was to:

A. Create a more rigid, rules-based approach to internal control.

B. Provide clearer guidance on what constitutes effective internal control.

C. Focus solely on internal controls over financial reporting.

D. Eliminate the need for management judgment in designing controls.

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