PRL Corporation's Internal Control Plan Is Based on the COSO

question 36

Multiple Choice

PRL Corporation's internal control plan is based on the COSO framework.It includes five items: (i) conducting ongoing evaluations of internal control during the normal course of operations, (ii) hiring accountants who understand the importance of strong internal control, (iii) including a segment in new employee orientation on the importance of strong internal control, (iv) periodic employee surveys that identify new issues that require internal controls, (v) a quarterly newsletter explaining elements of the internal control plan.Based on those five items alone, which element of PRL's internal control plan is weakest?

• A)Risk/control matrix
• B)Control activities
• C)Information and communication
• D)Monitoring

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Definitions:

Photosynthesis

A process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water. Photosynthesis in plants generally involves the green pigment chlorophyll and generates oxygen as a byproduct.

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A mathematical statement that asserts the equality of two expressions, usually represented by the symbol "=".

Worms

Malicious software programs that replicate themselves in order to spread to other computers, often causing harm by exploiting vulnerabilities.

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