Which one of the following components of the system of internal controls influences the tone for the organization?
A)Control risk assessment.
B)Control environment.
C)Information and communication.
D)Monitoring.

Question

Quizplus · Accepted Answer

The control environment is the component of the system of internal controls that sets the tone for the organization. It includes the organization's mission, values, and ethical standards, as well as the leadership's commitment to integrity and ethical behavior. It also includes the organization's structure, policies, and procedures that promote accountability and control.

Which One of the Following Components of the System of Internal