Multiple Choice
Which of the following is not part of management's report on internal controls?
A) A statement that management is responsible for internal control.
B) The framework used to evaluate internal control.
C) An assessment of the effectiveness of the company's internal control.
D) A statement indicating the extent of tests performed to assess controls.
Correct Answer:

Verified
Correct Answer:
Verified
Q56: Preventive controls are generally more cost-efficient than
Q57: Which of the following is not part
Q58: A company's internal auditing function should not
Q59: Internal Control Principles One of the COSO
Q60: Control activities may be implemented at the
Q62: Internal control is a process designed to
Q63: COSO: A Framework for Internal Control What
Q64: Which of the following is not true
Q65: Which component of COSO's internal control system
Q66: The five major components of an organization's