As Per the COSO Framework, the Operations Objectives of Internal

question 43

Multiple Choice

As per the COSO Framework, the operations objectives of internal control include ________.

• A)the safeguarding of assets against loss
• B)the adherence to laws and regulations
• C)reliability and timeliness
• D)timeliness and transparency

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Definitions:

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the liquidity of the business.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the short-term, such as buildings, machinery, and equipment.

Book Value

The net value of a company's assets, less its liabilities and intangible assets, as recorded on the balance sheet.

Market Value

The current price at which an asset or service can be bought or sold in the marketplace, which fluctuates based on supply and demand dynamics.