Management Should Conduct a ________ to Identify Those Controls That

question 17

Multiple Choice

Management should conduct a ________ to identify those controls that are most appropriate and provide the greatest benefit to the organization given the available resources.

• A) cost analysis
• B) cost-benefit analysis
• C) benefit analysis
• D) none of the above

---

Definitions:

Posting References

Codes or numbers in accounting that link journal entries to specific accounts in the ledger, aiding in traceability and audit trails.

Vertical Analysis

A method of financial statement analysis in which each line item is listed as a percentage of a base figure within the statement.

Segment Data

Information regarding the different operating segments of a company as required by accounting standards to help investors better understand the company's performance.

Fiscal Years

A one-year period that companies and governments use for financial reporting and budgeting, which may not necessarily align with the calendar year.