ITPEC IP April 2026 Question 65
ITPEC IP April 2026 — Question 65 of 100
A and C are appropriate — internal control includes legal/social compliance and benefits organizations beyond listed companies.
A is true because compliance with laws and social norms is an internal-control objective. C is true because controls improve reliable operations, reporting, asset protection, and compliance in non-listed companies too. B wrongly excludes social norms; D wrongly limits the concept to listed companies.
Answer (a)
Why not others: (b) includes false D; (c) includes false B; (d) includes both false statements.
Key rule: Internal control is a management framework for sound operations and compliance, not merely a stock-exchange formality.
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.