According to the COSO framework, which of the following is true of internal control?

Question

Quizplus · Accepted Answer

Internal control is affected by people. It's not merely policy manuals and forms, but people at every level of an organization. Being a process, it is a means to an end, not an end in itself. It can be expected to provide only reasonable assurance, not absolute assurance, to an entity's management and board. It is geared to the achievement of objectives in one or more separate but overlapping categories.

According to the COSO Framework, Which of the Following Is