Which GAO standard ensures relevant, reliable, and timely information is communicated throughout the organization?

Which GAO standard ensures relevant, reliable, and timely information is communicated throughout the organization?

• A. Information and Communication
• B. Monitoring
• C. Control Environment
• D. Risk Assessment

Answer: (A)

Information and Communication focuses on making sure the right information is identified, captured, and shared with the people who need it, when they need it, so decisions are informed and actions are coordinated across the organization. In the GAO framework for internal control, this element covers how information is communicated up, down, and across levels, as well as with external stakeholders when appropriate, ensuring it is relevant, reliable, and timely for decision-making and accountability. The other elements address different aspects of control: Monitoring is about evaluating whether controls are functioning over time; the Control Environment sets the overall tone, integrity, and ethical foundation of the organization; and Risk Assessment involves identifying and analyzing risks that could prevent objectives from being achieved.

Information and Communication focuses on making sure the right information is identified, captured, and shared with the people who need it, when they need it, so decisions are informed and actions are coordinated across the organization. In the GAO framework for internal control, this element covers how information is communicated up, down, and across levels, as well as with external stakeholders when appropriate, ensuring it is relevant, reliable, and timely for decision-making and accountability.

The other elements address different aspects of control: Monitoring is about evaluating whether controls are functioning over time; the Control Environment sets the overall tone, integrity, and ethical foundation of the organization; and Risk Assessment involves identifying and analyzing risks that could prevent objectives from being achieved.