Which of the following is NOT a function of COSO's Information and Communication component?

The role of COSO's Information and Communication component is to ensure that relevant and timely information is identified, captured, and communicated both internally and externally. This component includes obtaining the necessary information to support the organization's objectives and risk management processes, along with effective communication channels.

Evaluating control activities, however, falls primarily within the realm of the Control Activities component of the COSO ERM framework, rather than Information and Communication. Control activities are specific actions that help mitigate risks and achieve organizational objectives, and their evaluation is critical to ensuring that they are functioning as intended.

Thus, the answer indicating that evaluating control activities is not a function of the Information and Communication component accurately reflects the distinction between the various elements of the COSO framework.