Which of the following is considered to be an entity-wide control?
A)Segregation of duties.
B)Controls over management override.
C)Authorization procedures for purchasing.
D)Adequately documented transaction trails.

Question

Quizplus · Accepted Answer

Entity-wide controls are those controls that apply to the entire organization and impact multiple processes. The controls over management override is an example of entity-wide control as it affects the entire organization and its management. Segregation of duties, authorization procedures for purchasing, and adequately documented transaction trails are examples of process-level controls.

Which of the Following Is Considered to Be an Entity-Wide