Specific components of the control environment to be aware of,as mentioned in ASA 315,do not include:
A)The communication and policing of ethical behaviour in the organisation.
B)Commitment to competence.
C)Risk assessment.
D)Management philosophy and operating style.

Question

Quizplus · Accepted Answer

Option C, "Risk assessment" is mentioned as a specific component of the control environment in ASA 315. On the other hand, options A, B, and D are all mentioned as specific components of the control environment to be aware of in the standard. Therefore, the best answer is C.

Specific Components of the Control Environment to Be Aware Of,as