Benny Pecarve is planning to visit an airline company to review the collective assessment of the client's control environment, risk assessment process, information system, control activities
And monitoring of controls. What does this mandate describe?
A) entity level controls
B) transaction-level controls
C) both a and b
D) none of the above

Question

Quizplus · Accepted Answer

The mandate describes the review of the overall control environment and risk assessment process, which are entity-level controls. The review of the information system, control activities, and monitoring of controls can also be part of entity-level controls, rather than transaction-level controls, which focus more on individual transactions.

Benny Pecarve Is Planning to Visit an Airline Company to Review