Which of the following is true regarding entity-level controls? In terms of the 5 elements in the COSO model, entity-level controls occur only as part of the control environment.
a) Entity-level controls can be classified as either governance controls or management-oversight controls
b) Process-level controls can mitigate weaknesses in entity-level controls.
c) Entity-level controls are preventive rather than detective.
d) In terms of the 5 elements in the COSO model, entity-level controls occur only as part of the control environment.
Answer: a) Entity-level controls can be classified as either governance controls or management-oversight controls
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