Which One of the Following Groups Is Interested in an Organization's

question 47

Multiple Choice

Which one of the following groups is interested in an organization's control structure?

• A) Board members.
• B) Lenders.
• C) Auditors.
• D) All of the above.

Recognize the classification and treatment of cash and cash equivalents in financial reporting.

Identify the objectives and components of physical controls to safeguard assets.

Comprehend the periodicity and independence requirement of internal reviews for reinforcing internal controls.

Acknowledge the limitations and the cost-benefit principle underlying internal controls.