IIA-CGAP practice question 2 of 35

Ultimately any system of control is the responsibility of the governing board. The Canadian Institute of Chartered Accountants’ (CICA) publication, Guidance for Directors – Governance Processes for Control, describes all of the following control responsibilities for boards given below EXCEPT:

Full set: 327 questions
Answer options
A: Establishing and monitoring the organization’s ethical values.
B: Overseeing external communications.
C: Establish a common definition of internal control. Correct answer
D: Approval and monitoring of mission, vision, and strategy.
Correct Answer:
C. Establish a common definition of internal control.
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