Which of the following is not an element of the control environment?
A)management philosophy and operating style
B)organizational structure of the firm
C)well-designed documents and records
D)the participation of the board of directors and the audit committee

Question

Quizplus · Accepted Answer

The control environment consists of factors that set the tone for an organization, influencing the control consciousness of its people. The elements of the control environment include management philosophy and operating style, organizational structure of the firm, the participation of the board of directors and the audit committee, and the company culture. Well-designed documents and records are not considered an element of the control environment. Instead, they are part of the control activities component of internal control.

Which of the Following Is Not an Element of the Control