Which of the Following Statements Is True

question 60

Multiple Choice

Which of the following statements is true?

• A)The COSO report failed to define internal control
• B)The COSO report emphasized that an internal control system is a tool of management
• C)SAS 78 rejected the definition of internal control provided in the COSO report
• D)COBIT concluded that a company's management is not responsible for establishing and monitoring a company's internal control system

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Definitions:

Cognitive Responses

The mental reactions and thoughts that arise in response to external stimuli, forming the basis of attitudes, beliefs, and actions.

Nonspecific-Action Tendencies

General predispositions to act in a certain way without a precise or direct motive.

Broaden-And-Build Tendencies

A theory suggesting that positive emotions expand an individual's attention and mindset, leading to increased creativity, problem-solving abilities, and personal growth.

Specific-Action Tendencies

Innate or learned behavioral responses triggered by specific environmental or internal stimuli aimed at achieving certain objectives or satisfying needs.