The internal control premise that concerns the relative costs and benefits of controls is known as
A) responsibility.
B) risk.
C) reasonable assurance.
D) exposure.

Question

Quizplus · Accepted Answer

Reasonable assurance acknowledges that the cost of implementing a control should not outweigh the benefits derived from it. This principle is fundamental in assessing the effectiveness and efficiency of internal controls within an organization.

The Internal Control Premise That Concerns the Relative Costs and Benefits