Which of These Is Not One of the Fundamental Concepts

question 21

Multiple Choice

Which of these is not one of the fundamental concepts in the COSO report's definition of internal control?

• A) Internal control is a guarantee.
• B) Internal control is a process.
• C) Internal control is affected by people.
• D) Internal control is geared to the achievement of objectives in the overlapping categories of financial reporting, compliance and operations.

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Definitions:

Data

Facts and statistics collected together for reference or analysis, often used as a basis for decision-making or research.

Feedback Interviews

A qualitative research method involving structured conversations to gather insights and comments about a specific experience, product, or service.

Ideal Customer

A representation of a company's perfect customer based on their product or service's targeted demographics and psychographics.

Experiments

Scientific procedures undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.