The control environment reflects the organisation's general awareness of and commitment to the importance of control throughout the organisation. Select TRUE or FALSE
Question
The control environment reflects the organisation's general awareness of and commitment to the importance of control throughout the organisation. Select TRUE or FALSE
Solution
The statement is TRUE.
The control environment, also known as the internal control environment, is the foundation of all the other components of internal control. It sets the tone of an organization and influences the control consciousness of its people. It reflects the organization's general awareness of, and commitment to, the importance of control. It includes factors such as integrity, ethical values, management's operating style, delegation of authority systems, as well as the processes for managing and developing people in the organization.
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