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The COSO Internal Control framework has how many integrated components?
AFive
BThree
CSeven
DNine
Answer & Solution
Correct answer: B. Three
1. COSO 2013 framework has 5 components: Control Environment, Risk Assessment, Control Activities, Information & Communication, Monitoring.
2. These 5 form the integrated framework cited globally.
3. The components map to 17 underlying principles.
_Source: ICAI BoS CA Final Paper 3, Ch 3 "Risk Assessment and Internal Control"_
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