Compliance with laws and regulations (answer C) is an objective, not an element, of internal control. The

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Compliance with laws and regulations (answer C) is an objective, not an element, of internal control. The control environment (answer A), monitoring (answer B), control procedures (answer D), risk assessment, and information and communication are the five elements of internal control.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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