Which of the following would not be an entity level control that might address the risk of fraud?
A)controls over significant,unusual transactions,particularly those that result in late or unusual journal entries
B)controls over journal entries and adjustments made in the period-end reporting process
C)controls over related party transactions
D)controls related to significant management activities

Question

Quizplus · Accepted Answer

Controls related to significant management activities are not entity level controls that directly address the risk of fraud. While these controls may indirectly mitigate the risk of fraud by ensuring proper management oversight and accountability, they do not specifically focus on fraud prevention or detection. Choices A, B, and C are all entity level controls that address specific areas where fraud risk may be present.

Which of the Following Would Not Be an Entity Level