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

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Definitions:

Kohlberg's Scale

A theory outlining six stages of moral development, proposed by Lawrence Kohlberg, to explain how individuals' understanding of morality evolves.

Moral Reasoning

The process of determining right from wrong in a given situation, based on personal, cultural, or societal values.

Technologically Unsophisticated Societies

Communities or cultures with limited access to modern technology, often relying on traditional methods and tools to support their way of life.

Secular Trend

A secular trend is a long-term pattern observed over a significant period of time, often used in reference to changes in population characteristics.