Which of the following is not one of the underlying principles of an effective control environment as developed by COSO?
a. The organization demonstrates a commitment to integrity and ethical values.
b. The board of directors demonstrates independence from management and exercises oversight for the development and performance of internal control.
c. Management establishes, with board oversight, structures, reporting lines, and appropriate authorities and responsibilities in pursuit of objectives.
d. The organization considers the potential for fraud in assessing risks to the achievement of objectives.
d
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Typically, the largest, continuous cash inflow for a business will come from?
A. Sale of our stock to investors B. Bank loans C. Cash collected from customers D. Cash interest received on our investments
Before the explosion of the Internet, nonstore retailing did not exist
Indicate whether the statement is true or false.