The Primary Purpose for the Development of Standards by the Criteria

question 27

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 systems criteria,similar to GAAP in accounting,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:

Cohort

A group of people born at around the same time in the same place.

Unconscious

Pertaining to the part of the mind that is inaccessible to the conscious mind but that affects behaviors and emotions.

Superego

In psychoanalytic theory, the part of the mind that acts as a self-critical conscience, reflecting social standards learned from parents and authority figures.

Ego

In psychoanalytic theory, the part of the psyche that mediates between the primal desires of the id and the moral demands of the superego.