Which item is NOT one of five COSO Internal Control Framework components

Which item is NOT one of five COSO Internal Control Framework components

Which item is NOT one of five COSO Internal Control Framework components?

A. Control Environment

B. Budgeting

C. Risk Assessment

D. Control Activities

Answer: B

Rationale: COSO five parts: Control Environment, Risk Assessment, Control Activities, Info&Communication, Monitoring; Budgeting belongs to management accounting work.