If a company design appropriate internal control plans for its business processes, the 'tone at the top' is unimportant because the control plans will ensure that financial statements are not misstated.

a) Is this statement correct?

b) Define and explain the purpose of 'tone at the top'

c) Define and explain the operation of process-level control plans

d) Referring to the HR/Payroll cycle, explain and illustrate your answer with examples that demonstrate the effectiveness (or ineffectiveness) of 'tone at the top' and process-level control plans in achieving reliable financial statements