Which of the Following Fundamental Concepts Is Stressed by the COSO

question 68

Multiple Choice

Which of the following fundamental concepts is stressed by the COSO report?

• A)Internal control is not affected by people
• B)Internal control is geared to the achievement of a company's objectives in the financial reporting area only
• C)Internal control is designed to detect all errors and irregularities that occur within a company's system
• D)Internal control is a process

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Definitions:

Nuclear Explosion

A highly destructive blast caused by the release of energy from the rapid and uncontrolled release of nuclear fission or fusion reactions.

Enrichment

The process of increasing the proportion of a desired material or isotope in a mixture.

Nuclear Material

Substances that emit radiation, used in energy production, medicine, and atomic weapons.