What must be true about the components of a comprehensive framework of internal control for reasonable assurance?

A comprehensive framework of internal control requires that the various components function together effectively to provide reasonable assurance that the organization's objectives are being met. Each component of internal control—such as risk assessment, control activities, communication, monitoring, and information systems—plays a distinct role in supporting the overall effectiveness of the system.

When these components operate collaboratively, they create a robust internal control environment that enhances the organization’s ability to manage risks, comply with laws and regulations, and achieve operational efficiency. This integration ensures that deficiencies in one area can be compensated for by the strengths in another, providing a holistic approach to managing potential risks.

For instance, if the information systems component is strong, it may help mitigate weaknesses in the monitoring function. Thus, a coordinated functioning not only maximizes the effectiveness of the control framework but also helps ensure that the organization can respond to changing risks and conditions in a timely manner.