What are the components of internal control per COSO’s updated Internal Control–Integrated Framework?
a. Organizational structure, management philosophy, planning, risk assessment, and control activities.
b. Control environment, risk assessment, control activities, information and communication, and monitoring.
c. Risk assessment, control structure, backup facilities, responsibility accounting, and natural laws.
d. Legal environment of the firm, management philosophy, organizational structure, control activities, and control assessment.