ITPEC IP October 2021 Question 64
ITPEC IP October 2021 — Question 64 of 100
Revising company standards whenever applicable industry safety standards change supports compliance with laws and regulations related to business operations. The internal rules are kept aligned with the external obligations governing safe food production.
Answer (c)
Why not others:
- operational effectiveness concerns achieving business objectives efficiently
- reliability of financial reporting concerns accurate accounting information
- protection of assets concerns safeguarding company resources
Key rule: The compliance objective of internal control ensures that operations follow relevant laws, regulations, and binding standards.
AI-generated — may contain errors
The original exam layout is preserved in the image so diagrams, formulas, tables, and code remain accurate.
This question comes from an official ITPEC past paper. ITPEC Practice is an independent study tool and is not affiliated with ITPEC. See the official IP past-paper collection or Report an issue.