Management's Report on Internal Controls Must Include Each of the Following

question 38

Multiple Choice

Management's report on internal controls must include each of the following except

• A) A statement that management is responsible for establishing and maintaining adequate internal control over financial reporting.
• B) A statement identifying the framework management uses to evaluate the effectiveness of the company's internal control.
• C) A statement providing management's assessment of the effectiveness of the company's internal control.
• D) A statement providing management's evaluation of the company's control environment.

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Definitions:

Emotional Dissonance

The conflict or incongruence between experienced emotions and emotions expressed due to situational or professional demands.

Broad Term

A term or phrase that is used to describe a wide range of concepts or categories rather than being specific or detailed.

Affects

The range of feelings in form of emotions and moods that people experience.

Emotional Contagion

A phenomenon in which emotions which are experienced by few people of a work group are spread to the others.