An auditor can broadly define controls as ________.
A)those elements of an organization that,taken together,support people in achieving an organization's objectives
B)those systems,processes,and procedures that prevent fraud
C)key performance indicators employed by management to measure an organization's success
D)the structure and culture of an organization which helps to eliminate risk

Question

Quizplus · Accepted Answer

Controls are the various elements, such as systems, policies, procedures, and processes, that together support individuals in achieving an organization's goals and objectives. These components help to reduce risk, ensure compliance, and promote the effectiveness and efficiency of a company's operations. Option B is too narrow, as controls are not limited to preventing fraud. Option C is incorrect because key performance indicators are measures used by management to track progress towards goals, not controls. Option D is also incorrect because while an organization's structure and culture can influence its risk profile, they are not controls in and of themselves.

An Auditor Can Broadly Define Controls as ________