The Primary Purpose for the Development of Standards by the Criteria

question 43

Multiple Choice

The primary purpose for the development of standards by the Criteria of Control Committee was to ________.

• A) provide guidance for companies developing best practice control systems
• B) provide a basis similar to GAAP for reporting on controls
• C) provide detailed tests of controls for audits of financial statements
• D) provide clarity on who is responsible for controls

---

Definitions:

Consumerism

The preoccupation with and inclination towards the purchasing of goods and services, often encouraged by the belief that happiness can be achieved through consumption.

Women's Suffrage

The movement aimed at securing women the right to vote.

Interracial Marriages

Marriages between partners who belong to different racial or ethnic groups, reflecting broader social acceptance and legal recognition over time.

Multinational Corporations

Large companies that operate in several countries around the world, often significantly impacting global trade and economies.