The largest risks facing an organization should be mitigated by which type of controls?
A.
Entity-level
B.
Activity-level
C.
Transaction-level
D.
Process-level
The Answer Is:
A
This question includes an explanation.
Explanation:
Entity-level controls are the most effective type of controls for mitigating the largest risks facing an organization. These controls operate across an organization, providing a top-down approach to risk management that affects the entire entity's operations and culture. Such controls include governance frameworks, leadership and management philosophy, and organizational structure.
COSO Internal Control Framework
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