Which of the following statements about internal controls and related topics is true?

Select one:

a. A company with good corporate governance will prioritize managing risk

b. All internal controls are developed and implemented by management to feature an objective of safeguarding assets from risk

c. Internal controls that deal primarily with adherence to applicable laws and regulations will always differ based on the companys external environment

d. An internal control system is put into place to provide absolute assurance regarding the accuracy and reliability of reporting and accounting data