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Snowcat [4.5K]
3 years ago
9

Which statement is correct concerning the definition of internal control developed by the Committee of Sponsoring Organizations

(COSO)?A. Its applicability is largely limited to internal auditing applications.B. It is recognized in the Statements on Auditing Standards.C. It emphasizes the effectiveness and efficiency of operations over the reliability of financial reporting.D. It suggests that it is important to view internal control as an end product as contrasted to a process or means to obtain an end.
Business
1 answer:
BlackZzzverrR [31]3 years ago
6 0

Answer:

D. It suggests that it is important to view internal control as an end product as contrasted to a process or means to obtain an end.

Explanation:

Internal control is a process which is effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives.

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Explanation:

Public limited company (PLC) is a terminology used in commonwealth nations to refer to limited liability company whose shares are available to the general public. In the US and other countries, a PLC is referred to as corporation. PLC's shares can be acquired by any person through trading in the stock market or an initial public offer.

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2. False

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