Internal control helps an organization eliminate the risk of failing to provide users with reliable financial information.
Correct Answer:
Verified
Q15: An organization's risk assessment process should be
Q16: Preventive controls are designed to prevent the
Q17: In addition to controls being specific,they may
Q18: Internal control is a process designed to
Q19: Physical controls are necessary to protect and
Q21: Transaction controls are designed to ensure that
Q22: Preventive controls are designed to provide reasonable
Q23: Within the COSO framework,external communication includes only
Q24: Preventive controls are generally more cost-efficient than
Q25: Segregation of duties is a control activity
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