The Control Environment Component of Internal Control Includes All of the Following

question 82

Multiple Choice

The control environment component of internal control includes all of the following except:

• A)Management's philosophy and operating style.
• B)Access to computer programs.
• C)Organizational structure.
• D)Human resource policies and practices.

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Definitions:

Accounting Measurement

The process of determining and quantifying financial information in monetary terms to be reported in financial statements.

Timely

Occurring within an expected time frame or period, often used to refer to the punctual execution or delivery of tasks.

Fundamental Analysis Approach

An investment evaluation method that examines a company's financial statements, health, and market position to determine its value.

Future Cash Flows

Estimates of the amount of money expected to flow in and out of the business in the future, including revenues, expenses, and investments.