Even Without an Effective Control Environment, It Is Likely That

question 91

True/False

Even without an effective control environment, it is likely that the other four components of the COSO framework can result in effective internal controls.

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Definitions:

Overt Behavior

Any observable action or response made by an individual that can be seen and measured by others.

Mental Process

Internal cognitive operations that include thinking, perceiving, remembering, and decision-making.

Subjective Perceptions

Individual interpretations or feelings about experiences, objects, or concepts that are influenced by personal opinions, background, and emotions.

Consciousness

The awareness of oneself, one’s thoughts, feelings, and environment, distinct from but related to collective consciousness in its focus on the individual level of awareness.