Which of the Following Is Not One of the Seven

question 72

Multiple Choice

Which of the following is not one of the seven underlying principles of an effective control environment as developed by COSO?

• A)integrity and ethical values.
• B)management's philosophy and operating style.
• C)authority and responsibility.
• D)information and communication.

---

Definitions:

Incorporation Statutes

Laws that govern the process of forming and operating a corporation, detailing the rights, responsibilities, and regulations for incorporated businesses.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them partial ownership of the company.

Traditional View

A perspective or approach that is based on customs, beliefs, or practices that have been handed down from past generations.