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:

Long-term Memory

The phase or type of memory responsible for the storage of information over extended periods, ranging from minutes to a lifetime.

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Serial Search

A search for information in which several stores or slots of information are sequentially examined for match to the target.

Anterograde Amnesia

A condition in which a person is unable to form new memories following the onset of amnesia, although memories from before the onset may remain intact.