Which of the following best describes the purpose of control activities?
A)The actions, policies and procedures that reflect the overall attitudes of management
B)The identification and analysis of risks relevant to the preparation of financial statements
C)The policies and procedures that help ensure that necessary actions are taken to address risks to the achievement of the entity's objectives
D)Activities that deal with the ongoing assessment of the quality of internal control by management

Question

Quizplus · Accepted Answer

Control activities refer to the policies and procedures put in place by management to address risks to the achievement of the entity's objectives. These activities help ensure that necessary actions are taken to manage and mitigate risks, and that controls are designed and implemented correctly. Control activities are an important component of an organization's internal control system.

Which of the Following Best Describes the Purpose of Control