Examples of entity-level controls include
A) Management's risk assessment process.
B) Controls to monitor results of operations.
C) The period-end financial reporting process.
D) All of the above are examples of entity-level controls.

Question

Quizplus · Accepted Answer

All of the above options (A, B, and C) are examples of entity-level controls. Entity-level controls are the overall policies and procedures that affect the entire organization, including the control environment, risk assessment process, monitoring of controls, and information and communication systems. Management's risk assessment process, controls to monitor results of operations, and the period-end financial reporting process are all examples of entity-level controls.

Examples of Entity-Level Controls Include