Which of the Following Is Not a Principle Related to Information

question 73

Multiple Choice

Which of the following is not a principle related to information and communicating in the updated COSO Integrated Control framework?

• A)Communicate relevant internal control matters to external parties.
• B)Obtain or generate relevant,high-quality information to support internal control.
• C)Surround internal control processes with information technology that enables discrepancies to be identified.
• D)Internally communicate the information necessary to support the other components of internal control.

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Definitions:

Conversion Costs

The combined cost of direct labor and manufacturing overheads incurred to convert raw materials into finished goods.

Direct Materials

Raw materials that are directly involved in the manufacturing of a product and can be directly associated with the product.

Process Cost Summary

A document that aggregates and summarizes the total costs associated with a specific stage of production in process costing.

Materials Costs

The expenses associated with the raw materials used in the manufacturing of products or goods.