Which of the following statements is true regarding control activities'?
A.
Control activities are defined by management through risk mitigation strategies
B.
Control activities should be defined for all business processes
C.
If two organizations have identical objectives and structures their control activities would be the same
D.
Organizations that are less regulated generally have more complex control activities than highly regulated organizations
The Answer Is:
A
This question includes an explanation.
Explanation:
Control activities are specific actions defined by management aimed at mitigating risk to the achievement of objectives. They are part of the broader internal control framework, which management designs according to the organization's risk management strategies. These activities can vary widely across different organizations depending on the specific risks they face and the strategies management employs to mitigate these risks.
COSO Framework on Internal Controls
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