Which one of the following is not included in the control environment?Question 17Answera.Organizational Structureb.Integrity & Ethical valuesc.Competence of Personneld.External Auditor

Answered: ich one of the following is not…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Which one of the following is not included in the control environment?

Question 17Answer

Organizational Structure

Integrity & Ethical values

Competence of Personnel

External Auditor

Expert Solution

Step 1: Introductio

The control environment is an essential component of internal control systems that plays a significant role in protecting an organization's assets, assuring the accuracy of financial reporting, and attaining operational goals. It lays the groundwork for the organization's internal controls and risk management policies to be designed, implemented, and monitored.

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions