Which of the Following Best Defines Internal Control

Multiple Choice

Which of the following best defines internal control?

A) Internal rules and/or regulations with which organizations are expected to comply regarding accounting standards and preparation of financial data.
B) A process by which management gains reasonable assurance that its objectives will be achieved.
C) Procedures for input of and access to information systems used for internal analysis of an organization's short-term and long-term objectives.
D) A system of checks and balances that allows an organization to maintain control over its resources (data, systems, and all other assets) .