The Principle of Obtaining or Generating Relevant,high-Quality Information to Support

question 7

Multiple Choice

The principle of obtaining or generating relevant,high-quality information to support internal control belongs to which of the COSO's Internal Control Model's component?

• A)Control environment.
• B)Risk assessment.
• C)Control activities.
• D)Information and communication.

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Definitions:

Implicit Memories

Memories that influence our behaviors and thoughts without our conscious awareness, such as skills and conditioned responses.

Automatic Processing

The subconscious and effortless processing of information, which enables people to perform tasks without actively thinking about them.

Encode

The process of converting information into a particular form for efficient storage, processing, or transmission.

Explicit Memory

A type of long-term memory that involves conscious recall of facts and events.