Which of the following is one of the interrelated components of COSO?

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One of the interrelated components of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework is performance. The COSO framework is widely adopted for internal control and enterprise risk management, and it emphasizes the importance of achieving objectives related to performance and operations.

The performance component focuses on the effectiveness and efficiency of operations and ensures that an organization is meeting its goals and objectives. It also considers how risks can impact performance and the importance of aligning resources and processes to optimize results.

Other components of the COSO framework include governance, risk management, compliance, and information systems, all of which contribute to an organization's overall risk management and internal control processes. In contrast, taxation, marketing, and financial planning are functions that may integrate with the overall objectives of the organization but are not interrelated components of the COSO framework itself. Therefore, performance is the correct component that aligns with the principles outlined in COSO.

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