The COSO 2013 internal control framework codifies 17 relevant principles associated with the five components of internal control. Match the following principles with the five components.
Management establishes, with board oversight, structures, reporting lines, and appropriate authorities and responsibilities in the pursuit of objectives.
The organization deploys control activities through policies that establish what is expected and procedures that put policies into place.
The organization considers the potential for fraud in assessing risks to the achievement of objectives.
The organization holds individuals accountable for their internal control responsibilities in the pursuit of objectives.
The organization obtains or generates and uses relevant, quality information to support the functioning of internal control.
The organization evaluates and communicates internal control deficiencies in a timely manner to those parties responsible for taking corrective action, including senior management and the board of directors, as appropriate.
