STATEMENT I: Management Review is the process of assessing the quality of Internal Control performance periodically. In this activity, the management can assess the design and operation of controls on a timely basis and can take necessary corrective actions. STATEMENT II. There is a direct relationship between control objectives and components. Statement I only is Correct Both Statements I and II are IN CORRECT Statement II only is Correct Both Statements I and II are CORRECT
STATEMENT I: Management Review is the process of assessing the quality of Internal Control performance periodically. In this activity, the management can assess the design and operation of controls on a timely basis and can take necessary corrective actions. STATEMENT II. There is a direct relationship between control objectives and components. Statement I only is Correct Both Statements I and II are IN CORRECT Statement II only is Correct Both Statements I and II are CORRECT
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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STATEMENT I: Management Review is the process of assessing the quality of Internal Control performance periodically. In this activity, the management can assess the design and operation of controls on a timely basis and can take necessary corrective actions.
STATEMENT II. There is a direct relationship between control objectives and components.
Statement I only is Correct
Both Statements I and II are IN CORRECT
Statement II only is Correct
Both Statements I and II are CORRECT
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