Which of the Following Is Not True of Internal Control

question 4

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:

Early 50s

Refers to people who are in the age range of 50 to 54 years old.

Further Assessment

The process of conducting additional evaluations or tests to gain more comprehensive information following initial findings.

Follow-up Questions

Queries asked to gain additional information or clarify previous answers.

Imaginary Friend

A psychological and social phenomenon where a friendship or other interpersonal relationship takes place in the imagination rather than external physical reality.