_________________ Describes the Policies, Plans, and Procedures Implemented by a Firm

question 14

Multiple Choice

_________________ describes the policies, plans, and procedures implemented by a firm to protect its assets.

• A)Internal control
• B)SAS No.94
• C)SOX, Section 404
• D)Enterprise risk management

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Definitions:

Personnel Changes

Alterations in the composition or structure of the workforce, including hiring, firing, promotions, or transfers.

Investment Centre

A segment or division within a company for which the manager has control and is responsible for its revenue, expenses, and assets, and return on investments.

Performance Measure

Metrics or indicators used to evaluate the effectiveness, efficiency, and success of an organization's activities or an individual's performance.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.