Apply COSO Internal Control Framework Practice Test

An organization is preparing to adopt a new cloud-based accounting system. The project team has focused exclusively on the technical implementation and data migration, without formally defining the specific financial reporting assertions the system must support. This oversight represents a failure to properly apply which component of the COSO Internal Control Framework?

During its annual risk assessment, a company's internal audit function specifically evaluates how management incentives and pressures could lead to intentional misstatement in financial reports. According to the COSO framework, this evaluation is a key part of which principle?