How is the Internal Control-Integrated Framework used by companies?

A) as a standard for designing, analyzing, and evaluating internal controls
B) as a standard for making statements about a company's finances to the public
C) as an extension of internal controls
D) as an extension of GAAP

Internal Control-Integrated Framework

A conceptual framework developed by the Committee of Sponsoring Organizations (COSO) to help businesses establish, assess, and enhance their internal control systems.

Analyzing

The process of examining data or information to understand its components, relationships, and implications, often for decision-making purposes.

Evaluating

The process of assessing or examining something to determine its value, effectiveness, or condition, often for decision-making purposes.