Which of the Following Statements Is False

question 14

Multiple Choice

Which of the following statements is false?

• A)Management identifies controls that are in place to address the financial reporting risks.
• B)Management is required to base internal controls on a recognized control framework.
• C)Nearly all reporting companies use the internal control framework developed by COSO.
• D)All controls relevant to financial reporting are accounting controls.

---

Definitions:

Text Messaging

The act of sending brief, electronic messages between two or more mobile devices.

SMS

Short Messaging Service, a text messaging service component of most telephone, internet, and mobile-device systems.

MMS

Multimedia Messaging Service, a standard way to send multimedia content via mobile phones.

Cellular Network

A wireless communication network distributed over land areas called cells, each served by at least one fixed-location transceiver, for mobile phones and data transfer.