A firm must establish control policies,procedures,and practices that ensure the firm's business objectives are achieved and its risk mitigation strategies are carried out.

Question

Quizplus · Accepted Answer

This statement is true. A firm needs to have control policies, procedures, and practices in place to ensure that its business objectives are met and its risks are managed effectively. This helps to ensure that the firm operates in a consistent, responsible, and sustainable manner, and can avoid or mitigate potential financial, operational, or reputational losses.

A Firm Must Establish Control Policies,procedures,and Practices That Ensure the Firm's