Which of the Following Statements Is True

question 60

Multiple Choice

Which of the following statements is true?

• A)The COSO report failed to define internal control
• B)The 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 concluded that a company's management is not responsible for establishing and monitoring a company's internal control system

---

Definitions:

Course Management Systems

Software applications that provide the framework and tools needed for online learning and instruction management.

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Buying Center Culture

The collective norms, values, and practices of the group of individuals within an organization who participate in the purchasing decision process.

Buying Center

A group of individuals within an organization who are responsible for making purchasing decisions, often comprising members from different departments and roles.