Which of the Following Statements Is True

question 27

Multiple Choice

Which of the following statements is true?

• A)The 2013 COSO Report failed to define internal control
• B)The 2013 COSO Report emphasized that an internal control system is a tool of management
• C)SAS 78 rejected the definition of internal control provided in the COSO report
• D)COBIT 5 concluded that a company's management is not responsible for establishing and monitoring a company's internal control system

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Definitions:

Exam

A formal test of a person's knowledge or proficiency in a subject or skill.

Meat

The flesh of animals as used for food.

Post Hoc

short for 'Post Hoc Ergo Propter Hoc', a logical fallacy where one assumes that since event Y followed event X, event X must have caused event Y.

Fallacy

A reasoning error that leads to a flawed argument.