The COSO framework for internal control includes five components. Which is NOT one?

A Control environment

B Tax compliance

C Risk assessment

D Monitoring activities

✓ Correct Answer: Option B

COSO components: Control Environment, Risk Assessment, Control Activities, Information & Communication, Monitoring. Tax compliance is not a component.

💡 Why is B) the correct answer?

The correct answer to the question "The COSO framework for internal control includes five components. Which is NOT one?" is Option B: Tax compliance.

The other options — A) Control environment, C) Risk assessment, D) Monitoring activities — are incorrect for this CPA Exam Prep question. As explained above: COSO components: Control Environment, Risk Assessment, Control Activities, Information & Communication, Monitoring. Tax compliance is not a component.

📚 About This CPA Exam Prep Practice Question

This 2-level CPA Exam Prep question from the Auditing & Attestation (AUD) topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free CPA Exam Prep practice test or use flashcards for spaced repetition review.

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The COSO framework for internal control includes five components. Which is NOT one?

✓ Correct Answer: Option B

📚 About This CPA Exam Prep Practice Question

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