Which of the following is a true statement regarding controls such as ethical values, tone at the top and operational style?

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Kurt Woodfin · Accepted Answer

Breakdowns in the these types of controls have historically led to fraudulent financial reporting

Kurt Woodfin · Answer

Transaction testing, mapping and flowcharting is applicable while testing such controls

Kurt Woodfin · Answer

Such controls can be defined as inherently ob)ective and tangible elements of control

Kurt Woodfin · Answer

From an audit perspective it is significantly easier to assess ethical values than segregation of duties

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