The component of internal control that is the foundation for all other components is
A) risk assessment.
B) information and communication.
C) control activities.
D) control environment.

Question

Quizplus · Accepted Answer

The control environment sets the tone for an organization and establishes the foundation for all other components of internal control. It includes factors such as management's philosophy and operating style, the integrity and ethical values of the organization, and the commitment to competence and accountability. Without a strong control environment, the other components of internal control may not be effective.

The Component of Internal Control That Is the Foundation for All