____________ _____________ Is a Process-Effected by an Entity's Board of Directors

question 121

Short Answer

____________ _____________ is a process-effected by an entity's board of directors, management, and other personnel-designed to provide reasonable assurance regarding achieving objectives in the following categories: efficiency and effectiveness of operations, reliability of reporting, and compliance with applicable laws and regulations.

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Definitions:

Organization

An organization is a structured group of people working together to achieve common goals, which can range from businesses to non-profits.

For-Profit

For-profit refers to businesses or organizations that are operated with the main goal of making profit, as opposed to non-profit organizations that aim to serve a public or communal cause.

Nonprofit Organization

An entity that operates without the primary goal of making profits, instead focusing on achieving a particular social, educational, or humanitarian mission.

Government

The organized system or group of people that exercises authority and performs functions for a country, state, or community.