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CAF-8 · Chapter 5 · Question 7 of 10

Which component of internal control encompasses management's attitude, awareness, and actions concerning the entity's internal controls and its commitment to ethical values?

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: A) Control environment

Explanation

The control environment sets the tone at the top of the organization, influencing the control consciousness of its people through ethics, integrity, and management philosophy.

All 10 questions in Chapter 5Internal Control MCQs with answers

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