Regarding the issue of internal control,the internal environment itself consists of many factors.An issue regarding a conflict of interest should be addressed as a component of which factor?
A)organization structure
B)commitment to integrity and ethical values
C)the audit committee of the board of directors
D)management's philosophy and operating style

Question

Quizplus · Accepted Answer

A conflict of interest is related to the commitment to integrity and ethical values, as it involves a situation where an individual or a group has competing interests or loyalties that could potentially compromise their objectivity, judgment, or decision-making. Other factors such as organization structure, audit committee, and management's philosophy may also impact internal control, but they are not directly related to conflicts of interest.

Regarding the Issue of Internal Control,the Internal Environment Itself Consists