Which of the Following Are Entity Level Controls

question 61

Multiple Choice

Which of the following are entity level controls?

• A)controls related to the company environment
• B)controls over management override
• C)the company's risk assessment process
• D)centralized auditing of controls
• E)controls to monitor planning of operations
• F)both B and C
• G)both D and E

Differentiate between different types of data and appropriate statistical tests.

Apply chi-square tests to assess preferences or distributions.

Analyze data to determine if it supports a given hypothesis or claim.

Utilize statistical evidence to make conclusions about population characteristics.

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Definitions:

Standard Deviation

A measure of the dispersion or spread of a set of values, indicating how much the values differ from the average of the set.

Coefficient Of Correlation

A statistical measure that indicates the extent to which two variables fluctuate together. A value closer to 1 or -1 indicates a stronger relationship.

Decreases

To become smaller or less in size, amount, intensity, or degree.

Portfolio Returns

The gain or loss on an investment portfolio, measured over a specific period of time.