小编导读: USCPA美国注册会计师,是由AICPA美国注册会计师协会颁发,是全球财会证书中含金量*6的证书之一,因其具备全球签字权,可换全球八个国家的会计资格证而成为全球使用范围最广的财会证书。
The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) in the professional standards includes the reliability of financial reporting, compliance with applicable laws and
A. Safeguarding of entity assets.
B. Incorporation of ethical business practice standards.
C. Effectiveness of prevention of fraudulent occurrences.
D. Effectiveness and efficiency of operations.
Answer:D
D is corrent. The requirement is to identify the reply which is part of the definition of internal control developed by the Committee of Sponsoring Organizations (COSO). COSO defines internal control as a process—effected by an entity’s board of directors, management, and other personnel—designed to provide reasonable assurance regarding the achievement of objectives in the following categories: (1) reliability of financial reporting, (2) effectiveness and efficiency of operations, and (3) compliance with applicable laws and regulations.
A is incorrect. This is not an aspect of the COSO objectives.
B is incorrect. This is not an aspect of the COSO objectives.
A is incorrect. This is not an aspect of the COSO objectives.