SAS 78 describes internal control as a process, effected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding achievement of:

Question

Quizplus · Accepted Answer

SAS 78 specifies that internal control is designed to provide reasonable assurance regarding the achievement of effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations. Therefore, all of the options (A, B, and C) are correct.

SAS 78 Describes Internal Control as a Process, Effected by an Entity's