Ratings of the relative strength or reliability of controls may be entered in a control matrix.

Name: Ratings of the relative strength or reliability of controls may be entered in a control matrix.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. A control matrix is a tool used in risk management to assess and evaluate the effectiveness and reliability of internal controls, and it typically includes ratings or scoring of the controls based on their relative strength or weakness.

Ratings of the Relative Strength or Reliability of Controls May