Multiple Choice
The 2013 COSO Report stresses that:
A) Internal control is a process
B) An internal control system, if properly designed, can become a substitute for management
C) People only at high levels of an organization are an important part of an internal control system
D) An internal control system should consist of three interrelated components: the control environment, risk assessment, and control activities
Correct Answer:
Verified
Correct Answer:
Verified
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