Internal Control Relates to an Organization's Achievement of Objectives in Three

question 52

Multiple Choice

Internal control relates to an organization's achievement of objectives in three major categories.Which of the following best pairs one of the categories with a specific example?

• A)Judging, reconciling the bank statement at least monthly
• B)Reporting, following the COSO internal control framework
• C)Compliance, following the COSO internal control framework
• D)Compliance, fulfilling the requirements of the Foreign Corrupt Practices Act

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Definitions:

Androgens

Hormones that play a key role in the development of male traits and reproductive activity; examples include testosterone and androstenedione.

Mineralocorticoids

A class of steroids, produced by the adrenal glands, that regulate electrolyte and water balance in the body.

Glucocorticoids

A class of steroid hormones that play a role in regulating metabolism, immune response, and stress within the body.

Hormone

Chemical messengers produced by glands in the body that regulate physiological processes and behavior.