The quality of an organization's internal control affects which of the following?
A)The reliability of financial data.
B)The ability of management to make good decisions.
C)The ability to remain in business.
D)All of the above.

Question

Quizplus · Accepted Answer

The quality of an organization's internal control affects all of the above factors. The reliability of financial data depends on the effectiveness of internal controls over financial reporting. The ability of management to make good decisions relies on the accuracy of financial data and other information provided by internal control systems. The ability to remain in business is affected by the ability of internal controls to mitigate risks and prevent fraud or misuse of resources.

The Quality of an Organization's Internal Control Affects Which of the Following