1. The COSO framework is utilized as a benchmark to assess the internal control effectiveness by whom?

Multiple Choice

Management and Analysts

Auditors and Analysts

Analysts and Creditors

Management and Auditors

2. Transaction-level controls pertain to

Multiple Choice

unique merger and acquisition transactions.

broad disclosures and implications.

specific classes of transactions, account balances, and disclosures.

broad classes of transactions, account balances, and disclosures.