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Internal Control Is a Process Affected by the Organization's Board

Question 54

Multiple Choice

Internal control is a process affected by the organization's board of directors, management, and other personnel to provide reasonable assurance of achieving certain objectives. Which of the following does not fit into one of these categories of objectives?


A) Reliability of financial reporting.
B) Compliance with laws and regulations.
C) Continuing existence.
D) Effectiveness and efficiency of operations.

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