The most important fundamental component of an entity's internal control is
A) Effectiveness and efficiency of operations.
B) People who operate the control system.
C) Reliability of financial reporting.
D) Compliance with applicable laws and regulations.

Question

Quizplus · Accepted Answer

The people who operate the control system are crucial as they design, implement, and monitor the internal controls, ensuring their effectiveness and adaptability to changing circumstances.

The Most Important Fundamental Component of an Entity's Internal Control