Internal Control Has Received Increased Attention in Recent Years

question 58

Multiple Choice

Internal control has received increased attention in recent years. Which is NOT one of the drivers for the changes in the focus on internal control?

• A) new regulations by Canada Revenue Agency
• B) Sarbanes Oxley legislation in the United States
• C) transition to the International Financial Reporting Standards
• D) Canadian legislation for controls

---

Definitions:

Elaboration Likelihood Model

Theory identifying two ways to persuade: a central route and a peripheral route.

Persuade

The act of convincing someone to do or believe something through reasoning or argument.

Social Stimuli

External events or circumstances that can elicit or influence social behavior and responses.

Central Route

A method of persuasion that involves carefully constructing and presenting a logical argument.