Internal control has received increased attention in recent years. Which is NOT one of the drivers for the changes in the focus on internal control?
A) new regulations by Canada Revenue Agency
B) Sarbanes Oxley legislation in the United States
C) transition to the International Financial Reporting Standards
D) Canadian legislation for controls

Question

Quizplus · Accepted Answer

The Canada Revenue Agency's regulations are not a primary driver for changes in the focus on internal control. The other options are related to significant regulatory and reporting changes that have impacted internal control practices.

Internal Control Has Received Increased Attention in Recent Years