Which of the Following Is Not Part of Management's Report

question 73

Multiple Choice

Which of the following is not part of management's report on internal controls?

• A)Management responsibility for control of financial reporting.
• B)The framework used to evaluate internal control.
• C)An assessment of the effectiveness of the company's internal control.
• D)A statement that the company is not required to have an audit on internal control.

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Definitions:

North Atlantic Treaty

An agreement that established the North Atlantic Treaty Organization (NATO), a military alliance designed for collective defense against aggression.

Article 5

A provision within a document or constitution which details specific processes or regulations, such as Article 5 of the NATO treaty which outlines the principle of collective defense.

September 11

Refers to the terrorist attacks that occurred on September 11, 2001, in the United States, particularly targeting the World Trade Center in New York City and the Pentagon.

International Monetary Fund

An international organization aimed at promoting global monetary cooperation, securing financial stability, facilitating international trade, and fostering sustainable economic growth.