Which of the following would NOT be considered part of the control environment?
A)Having integrity and ethical values
B)Assessing chances of fraud
C)Having competent workers
D)Having a leadership philosophy

Question

Quizplus · Accepted Answer

Assessing chances of fraud would be considered a part of the risk assessment component of internal control, not a part of the control environment. The control environment includes factors such as integrity and ethical values, competent workers, and a leadership philosophy that provides a framework for internal control.

Which of the Following Would NOT Be Considered Part of the Control