Internal Control Is a Process Effected by the Organization's Board

question 105

Multiple Choice

Internal control is a process effected by the organization's board of directors,management,and other personnel to provide reasonable assurance of achieving certain objectives.Which of the following does not fit into one of these categories of objectives?

• A)Reliability of financial reporting.
• B)Compliance with laws and regulations.
• C)Continuing existence.
• D)Effectiveness and efficiency of operations.

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Definitions:

Subjective Well-Being

An individual's self-assessment of their own happiness and satisfaction with life.

Employee Assistance

Programs or services offered by employers to help employees deal with personal or professional issues that may impact their job performance or well-being.

Role Strain

The stress or strain of meeting obligations that are associated with certain roles (e.g., caregiver).

Available Resources

The assets or materials that individuals or organizations have at their disposal for use or to aid in achieving goals.