Which of the Following Is Not True of Internal Control

question 54

Multiple Choice

Which of the following is not true of internal control as defined by COSO?

• A)It is narrower than internal control over financial reporting.
• B)It is a process that includes all elements of internal control working together.
• C)It includes all the people in the organization.
• D)It starts at the top of the organization in setting a tone.

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Definitions:

Organization

A structured group of people with a specific purpose or goal, such as businesses, governments, or charities.

Candidates

Individuals who are considered for a role or position, especially in the context of employment, elections, or competitive selections.

Prospecting Letter

A letter or email sent to potential customers or clients with the aim of generating new business.

Qualifications

The skills, experiences, and education that make an individual suitable for a particular job or activity.