An example of an entity level control would be ________.
A)an entity's risk assessment process
B)a detective control pertaining to accounts receivable
C)a preventive control relating to an IT function
D)a physical lock on a storage facility

Question

Quizplus · Accepted Answer

Entity level controls are the foundation for the overall control environment of an organization. These controls are established at the entity level and affect the entire organization. Examples of entity level controls include management philosophy and operating style, the tone at the top, risk assessment processes, and governance practices. The other options are examples of specific controls that are implemented at a transactional or process level within the organization.

An Example of an Entity Level Control Would Be ________