What Is the Most Appropriate Method for an Organization to Lower

question 30

Multiple Choice

What is the most appropriate method for an organization to lower information risk related to its financial statements?

• A)Have good bookkeeping work completed on the accounts.
• B)Use a high quality software package to keep track of information.
• C)Have an independent financial statement audit conducted.
• D)Have an independent operational audit conducted on effectiveness.

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Definitions:

Judged Competence

The perception of an individual's skills, abilities, and performance by others, often influenced by various biases and subjective assessments.

Warmth

A personal quality characterized by kindness, compassion, and friendliness, promoting positive interpersonal relations.

Competitiveness

is the characteristic of individuals or organizations that strive to achieve superiority or an edge over others, often by comparing performance, efficiency, or quality.

Similarity

The degree to which two or more things share common attributes, characteristics, or qualities, often fostering connection or compatibility.