Internal control relates to an organization's achievement of objectives in three major categories.Which of the following best pairs one of the categories with a specific example?
A)Operations, fulfilling the requirements of the Foreign Corrupt Practices Act
B)Operations, listing appropriate assets at their current market value
C)Reporting, fulfilling the requirements of the Foreign Corrupt Practices Act
D)Reporting, listing appropriate assets at their current market value

Question

Quizplus · Accepted Answer

The category of reporting relates to the accuracy and transparency of an organization's financial reporting. Listing appropriate assets at their current market value is an example of this category as it ensures that the financial statements are reflecting the true value of the assets owned by the organization.

Internal Control Relates to an Organization's Achievement of Objectives in Three