Which principle relates to holding individuals accountable for their responsibilities in the internal control process?

The principle that relates to holding individuals accountable for their responsibilities in the internal control process is accountability. This concept emphasizes the importance of assigning specific responsibilities to individuals within an organization, ensuring that they are aware of their duties and the consequences of their actions. When individuals understand what is expected of them and are liable for their roles in maintaining effective internal controls, it fosters a culture of responsibility and compliance. This principle is crucial in deterring fraud because it establishes clear expectations, encouraging employees to act ethically and with integrity in their roles.

Other principles, while important in their own right, do not specifically focus on the aspect of accountability within the internal control framework. For instance, board oversight is related to governance and the role of the board in overseeing management but does not address individual accountability directly. Commitment to competence emphasizes the need for employees to have the necessary skills and knowledge for their roles, and consideration of fraud pertains to the organization's proactive approach to identifying and mitigating potential fraudulent activities. However, accountability directly ties to how individuals are held responsible for their actions and decisions in their specific responsibilities related to internal controls.