Which of the following is not an element of the internal control environment?
A) management philosophy and operating style
B) organizational structure of the firm
C) well-designed documents and records
D) the functioning of the board of directors and the audit committee

Question

Quizplus · Accepted Answer

Well-designed documents and records are not an element of the internal control environment, but rather part of the internal control system itself. The elements of the internal control environment include management philosophy and operating style, organizational structure of the firm, and the functioning of the board of directors and the audit committee.

Which of the Following Is Not an Element of the Internal