Ultimately Any System of Control Is the Responsibility of the Governing

question 5

Multiple Choice

Ultimately any system of control is the responsibility of the governing board. The Canadian Institute of Chartered Accountants' (CICA) publication, Guidance for Directors - Governance Processes for Control, describes all of the following control responsibilities for boards given below EXCEPT:

• A) Establishing and monitoring the organization's ethical values.
• B) Overseeing external communications.
• C) Establish a common definition of internal control.
• D) Approval and monitoring of mission, vision, and strategy.

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Definitions:

Too Little Conflict

A scenario where insufficient disagreement or challenge leads to complacency and hinders creativity or improvement within a group or organization.

Promotes Complacency

Describes conditions or practices that encourage a sense of satisfaction with the current state of affairs, potentially hindering improvement or progress.

Competing Objectives

Divergent or opposing goals among individuals or groups within an organization, often leading to challenges in decision-making and prioritization.

Dependent

In a research context, the dependent variable is the one being tested and measured, often to see how it is influenced by changes in an independent variable.