ITRA COSO, ITGC,ITAC

Which of the following are NOT the component of ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The Committee of Sponsoring Organizations of the Treadway Commission (COSO)?

• Control Environment & Risk Assessment

• Control Activities & Monitoring Assessment

• Information & Communication

• Monitoring Activities & Risk Assessment

How many principles are present in COSO framework?

• 11

• 14

• 17

• 19

The COSO framework treats internal control as a process designed to provide reasonable assurance regarding the achievement of objective related to

• Reliability of financial reporting

• Effectiveness and efficiency of operations

• Compliance with the applicable laws and requlations

• All of the above

Within the COSO Internal Control – Integrated Framework, which of the following components is designed to ensure that internal controls continue to operate effectively?

• Control Environment

• Risk Assessment

• Information & Communication

• Monitoring

Which of the following is the control component that reflects the attitude and actions of the board and management regarding the significance of control withon the organization?

• Risk Assessment

• Control Activities

• Control Environment

• Monitoring

Which of the following are the type of risks?

I. Strategic

II. Financial

III. Operational

IV. Acceptance

• I and III

• II and IV

• I, II and II

• All of the above

Which level of risk that allow the organization to lower the probability or impact of risk through appropriate controls?

• Mitigation

• Acceptance

• Transferring

• Avoidance

Based on the definition provided, which of the following term is correct?

“A process designed to provide reasonable assurance regarding the achievement of the objectives in the following area:

- Effectiveness and efficiency of the operations

- Reliability of financial reporting

- Compliance with the applicable laws and regulations

- Safeguarding the assets”

• Internal audit

• IT General Control

• Internal Control

• IT Application Control

Which of the following is the classification of ITGC?

• Input Control

• Output Control

• Processing Control

• Administrative Control

Which of the following is not the type of IT Control?

• Corrective Control

• Detective Control

• Preventive Control

• Avoidance Control