____ is the process established by an organization's board of directors,managers,and IT systems to provide reasonable assurance for the effectiveness and efficiency of operations,the reliability of financial reporting,and compliance with applicable laws and regulations.

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Internal control is the process established by an organization's board of directors, managers, and IT systems to provide reasonable assurance for the effectiveness and efficiency of operations, the reliability of financial reporting, and compliance with applicable laws and regulations. It includes policies, procedures, and activities that are designed to ensure that the organization's objectives are met, risks are managed appropriately, and resources are used effectively. External control refers to oversight by external entities such as regulatory agencies and auditors. Mitigating and compensating controls are specific types of internal controls that address certain risks or deficiencies in existing controls.

____ Is the Process Established by an Organization's Board of Directors,managers,and