The Concept of ____________________________ Recognizes That the Cost of an Entity's

question 93

Short Answer

The concept of ____________________________ recognizes that the cost of an entity's internal control should not exceed the benefits that are expected to be derived.

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Definitions:

Norms

Standards or rules of behavior that are accepted within a group or society.

Organizational Culture

The shared values, beliefs, and norms that influence how people behave within an organization.

Culture Concept

A framework for understanding the complex set of shared values, beliefs, and practices that define a group or society.

Systematically

A methodical approach characterized by step-by-step procedures that follow a logical order.