Which of the Following Is NOT Typically One of Management's

question 24

Multiple Choice

Which of the following is NOT typically one of management's concerns in designing effective internal controls?

• A) reliability of financial reporting
• B) compliance with applicable laws and regulations
• C) obtaining the best internal control system possible
• D) efficiency and effectiveness of operations

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Definitions:

Future Possible Activities

Activities or tasks that individuals or groups might undertake in the future, which are currently considered as options or plans.

Cognitive Responses

The mental reactions and thoughts that arise in response to external stimuli, forming the basis of attitudes, beliefs, and actions.

Nonspecific-Action Tendencies

General predispositions to act in a certain way without a precise or direct motive.

Broaden-And-Build Tendencies

A theory suggesting that positive emotions expand an individual's attention and mindset, leading to increased creativity, problem-solving abilities, and personal growth.