Final answer:
Internal control is often referred to as a process because it permeates an organization's operating activities and is an integral part of management activities. Option C
Step-by-step explanation:
Internal control is often referred to as a process because it permeates an organization's operating activities and is an integral part of management activities. It is a set of procedures, policies, and practices that are designed to safeguard an organization's assets, ensure the accuracy and reliability of financial reporting, promote operational efficiency, and compliance with laws and regulations.
For example, internal controls may include segregation of duties, where different individuals are responsible for different tasks to prevent fraud or errors. It may also involve the implementation of checks and balances, such as requiring management approval for certain transactions. Internal controls are continuously assessed and updated to address changing risks and requirements. option C