Elements common to definitions of internal control include all
of the following, except:
. Reliability of financial
reporting |
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b. Effectiveness of operations |
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c. Automation of business
processes |
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d. Compliance with applicable laws
and regulations |
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Answer
The correct answer is option (c) i.e. Automation of
business processes
Elements common to definitions of internal control include
Effectiveness and efficiency of operations, Reliability of
financial reporting and Compliance with applicable laws and
regulations.
