Internal Control Is a Process Designed to Achieve Objectives in Which

question 9

Multiple Choice

Internal control is a process designed to achieve objectives in which one of the following categories?

• A)reliability of financial reporting
• B)compliance with applicable laws
• C)ineffectiveness of operations
• D)both A and B

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Definitions:

Project Management Office

A centralized unit within an organization that oversees the management of projects, ensuring they align with corporate strategy and standards.

Permanent

Refers to something intended to exist or function for a long duration without significant change.

Temporary

Describing something that is not permanent or lasting, often implied to exist for a limited time.

Technical Aspects

Pertains to the specific, often complex details and elements within a field or project that require specialized knowledge or expertise.