How would you describe the role of the Committee of Sponsoring Organizations of the Treadway Commissions (COSOs) internal control framework, in terms of recognition by the SEC and PCAOB for purposes of managements and the auditors reports on internal control over financial reporting? 1. COSOs internal control framework is one, but not necessarily the only, internal control framework that is acceptable 2. COSOs internal control framework must be used by public companies that file in the U.S., regardless of where the company is based, including overseas 3. SEC rules and PCAOB standards recognize COSOs internal control framework as an acceptable framework for purposes of internal control 4. COSO is an agency of the federal government and