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CSQA · Question #293

The plan of organization in methods and procedures adopted by management to ensure that resource use is consistent with laws, regulations, and policies; that resources are safeguarded against waste…

The correct answer is B. Internal Control. See the full explanation below for the reasoning.

Question

The plan of organization in methods and procedures adopted by management to ensure that resource use is consistent with laws, regulations, and policies; that resources are safeguarded against waste, loss, and misuse; and that reliable data are obtained, maintained, and fairly disclosed in reports. The previous statement is the definition of:

Options

  • AAuditing
  • BInternal Control
  • CInfrastructure
  • DTruth in Reporting
  • ERisk Analysis

How the community answered

(41 responses)
  • A
    2% (1)
  • B
    80% (33)
  • C
    2% (1)
  • D
    5% (2)
  • E
    10% (4)

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