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)Judging, reconciling the bank statement at least monthly
B)Reporting, following the COSO internal control framework
C)Compliance, following the COSO internal control framework
D)Compliance, fulfilling the requirements of the Foreign Corrupt Practices Act

Question

Quizplus · Accepted Answer

Compliance is one of the three major categories of internal control, and fulfilling the requirements of the Foreign Corrupt Practices Act is a specific example of compliance.

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