Examples of entity-level controls include:
A)management's risk assessment process.
B)controls to monitor results of operations.
C)the period-end financial reporting process.
D)All of these are examples of entity-level controls.

Question

Quizplus · Accepted Answer

Entity-level controls are those controls that have a pervasive effect on the organization's system of internal control. Management's risk assessment process, controls to monitor results of operations, and the period-end financial reporting process are all examples of entity-level controls. Therefore, option D, "All of these are examples of entity-level controls," is the correct answer.

Examples of Entity-Level Controls Include