Multiple Choice
An effective control environment
A) Allows management to identify all relevant risks.
B) Creates a commitment to competence.
C) Guarantees that all controls are followed as prescribed.
D) Requires an internal audit function.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: One of the risks associated with internal
Q10: The concept of reasonable assurance in the
Q11: After the auditor has prepared a flowchart
Q12: Proper monitoring within an internal control framework
Q14: During consideration of internal control in a
Q16: An IT specialist is least likely to
Q17: In the audit of financial statements,an auditor's
Q18: Audit evidence concerning proper segregation of duties
Q20: Effective internal control in a small company
Q68: In terms of an audit, define substantive