Which of the Following Principles Is Within the Control Environment

question 60

Multiple Choice

Which of the following principles is within the control environment component of the seventeen COSO principles of internal control?

• A)The organization demonstrates a commitment to attract, develop, and retain competent individuals in alignment with objectives.
• B)The organization specifies objectives with sufficient clarity to enable the identification and assessment of risks relating to objectives.
• C)The organization identifies risks to the achievement of its objectives across the entity and analyzes risk as a basis for determining how the risks should be managed.
• D)The organization considers the potential for fraud in assessing the risks to the achievement of objectives.

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Definitions:

Reverse Flows

The process involved in moving goods from their typical final destination for the purpose of capturing value, or proper disposal, often part of reverse logistics.

Waste Flow

The process or movement of waste materials from the point of origin through collection, transport, treatment, and disposal.

Supply Chain Analytics Maturity Model

A framework describing the stages of advancement and capabilities within an organization's supply chain analytics, from basic reporting to advanced predictive and prescriptive analytics.