Which of the following factors best describes the "control environment" of a firm?
A)The integrity, ethical values, and competence of employees
B)Management's philosophy and operating style
C)The way management assigns authority and responsibility
D)The direction and attention provided by the board of directors
E)all of the above

Question

Quizplus · Accepted Answer

The "control environment" of a firm encompasses all aspects mentioned: the integrity, ethical values, and competence of employees; management's philosophy and operating style; the way management assigns authority and responsibility; and the direction and attention provided by the board of directors. These elements collectively form the foundation of a company's internal control system, setting the tone for the organization.

Which of the Following Factors Best Describes the "Control Environment