The 2013 COSO Report Stresses That

question 72

Multiple Choice

The 2013 COSO Report stresses that:

• A)Internal control is a process
• B)An internal control system, if properly designed, can become a substitute for management
• C)People only at high levels of an organization are an important part of an internal control system
• D)An internal control system should consist of three interrelated components: the control environment, risk assessment, and control activities

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Definitions:

Senile Dementia

A decline in mental ability severe enough to interfere with daily life, often seen in the elderly and usually a result of Alzheimer's disease or other neurological conditions.

Alzheimer's Type

Referring to a form of dementia that causes progressive impairment of cognitive function and memory, typical of Alzheimer's disease.

Referral Assistance

Support services that help individuals find and access resources or specialists suited to their specific needs or conditions.

Metabolism

The sum of all the physical and chemical processes by which living substance is formed and maintained and by which energy is made available for use by the organism.