What does COSO stand for?

The correct answer, A, stands for the Committee of Sponsoring Organizations of the Treadway Commission. This organization is instrumental in establishing a framework for internal controls, enterprise risk management, and fraud deterrence. COSO's principles and frameworks, such as the COSO Internal Control Framework, are widely used across various industries to improve organizational governance and risk management practices.

This answer is particularly relevant because COSO provides guidelines that help organizations effectively assess their risks and implement controls, which is a foundational aspect of risk management frameworks. A strong understanding of COSO is vital for anyone involved in risk management, audit, compliance, and governance, as it equips professionals with the tools to create resilient organizations.