Match the following elements of internal control:
-Control environment
A)Provides reasonable assurance that business goals will be achieved
B)Used by management for guiding operations and ensuring compliance with requirements
C)Overall attitude of management and employees
D)Used to locate weaknesses and improve controls
E)Identify, analyze, and assess likeliness of vulnerabilities

Question

Quizplus · Accepted Answer

The control environment is the foundation of the internal control system, encompassing the overall attitude, awareness, and actions of directors, management, and staff regarding the internal control system and its importance to the entity. It sets the tone for the organization, influencing the control consciousness of its people.

Match the Following Elements of Internal Control