Multiple Choice
The COSO definition of internal control says that internal control is a process to achieve objectives in which of the following categories?
A) Compliance with applicable laws and regulations,usefulness of financial information for making decisions,and the ability of the company to continue in operation.
B) Usefulness of financial information for making decisions,reliability of financial reporting,and the ability of the company to continue in operation.
C) Reliability of financial reporting,the usefulness of financial information for making decisions,and compliance with applicable laws and regulations.
D) Effectiveness and efficiency of operations,reliability of financial reporting,and compliance with applicable laws and regulations.
Correct Answer:
Verified
Correct Answer:
Verified
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