What is COSO Internal Control Framework? - Objectives & Components Video


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What does COSO stand for?

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1. Which of the following is a coverage area from COSO's framework?

2. What activity shares the financial health of the company, to internal or external stakeholders?

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About This Quiz & Worksheet

Why is the COSO internal control framework used? Quickly gauge your knowledge of this framework and its components by finishing the quiz and worksheet.

Quiz & Worksheet Goals

You will be tested over:

  • What COSO stands for
  • A type of division that might be based on the type of work they do
  • Coverage area from COSO's framework
  • Process of sharing info to external and internal stakeholders
  • Dimensions of the COSO framework

Skills Practiced

  • Reading comprehension - ensure that you draw the most important details from the lesson on the COSO internal control framework
  • Information recall - access the knowledge you have gained about what COSO stands for
  • Interpreting information - verify that you can read information about the dimensions of the COSO framework and interpret it correctly

Additional Learning

Expand your knowledge of this framework using the lesson What is COSO Internal Control Framework? - Objectives & Components. You can accomplish these objectives:

  • Determine when COSO was established
  • Identify principles of the COSO internal control framework
  • Review the four coverage areas