21- According to the COSO Enterprise Risk Management Framework, the risk assessment process incorporates all of the following components except

A) reporting potential risks to auditors.

B) identifying events that could impact the enterprise.

C) evaluating the impact of potential events on achievement of objectives.

D) establishing objectives for the enterprise.

22- The COSOs component that does encompass the actions, policies, and procedures that reflect the overall attitudes of top management, directors, and owners of an entity about internal control and its importance to the entity is:

A- Control environment.

B- Risk assessment.

C- Control activities.

D- Information and communication.

23- The COSOs component which is the umbrella over the other four components of internal control is:

A- Risk assessment.

B- Control activities.

C- Information and communication.

D- Control environment.

24- The process which is a component of COSO that identifies and analyzes risks that may prevent the organization from achieving its objectives is:

A- Risk assessment.

B- Control activities.

C- Information and communication.

D- Control environment.

25- The separation of the custody of asset from its accounting is related to which component of COSE:

A- Risk assessment.

B- Control activities.

C- Information and communication.

D- Control environment.