The true statement is:
A)Internal controls are more important when companies grow in size and complexity.
B)Effective internal controls are able to provide absolute assurance for an entity's management and board.
C)Auditors have a statutory legal obligation to report on internal controls within the entity.
D)The control environment is the auditor's overall attitude, awareness and actions regarding internal control and its importance in the entity.

Question

Quizplus · Accepted Answer

As companies grow in size and complexity, internal controls become more important to manage risks and ensure accurate financial reporting.

The True Statement Is