* Definition of Internal Control (According to GAO):
* Internal control is aprocess implemented by managementto provide reasonable assurance that the organization will achieve its objectives in:
* Operations(effectiveness and efficiency).
* Reporting(reliable and accurate financial and non-financial reporting).
* Compliance(adherence to laws and regulations).
* Explanation of Answer Choices:
* A. Help an entity achieve its objectives: Correct. This is the primary purpose of internal controls.
* B. Design an ERM system: Incorrect. Enterprise Risk Management (ERM) is broader than internal control and includes risk strategy and appetite.
* C. Set the tone at the top: Incorrect. While the tone at the top is part of the control environment, it is not the full scope of internal control.
* D. Develop a strategic plan: Incorrect. Internal control supports strategic plans but is not directly involved in developing them.
References:
* GAO,Standards for Internal Control in the Federal Government (Green Book).
* COSO,Internal Control - Integrated Framework.

Explanation/Reference:

* Business Process Re-Engineering (BPR):
* BPR focuses onredesigning key processesto achieve dramatic improvements in efficiency, effectiveness, and performance.
* It typically involves addressing technical systems, human factors, and process workflows, but it does not involve redefining the organization's mission, which is a strategic activity outside the scope of BPR.
* Explanation of Answer Choices:
* A. Key processes: Incorrect. Key processes are the primary focus of BPR.
* B. Human environment: Incorrect. BPR often addresses human factors, such as roles and responsibilities.
* C. Organizational mission: Correct. The mission is a strategic element and not typically redefined as part of process re-engineering.
* D. Technical environment: Incorrect. BPR often involves rethinking technical systems and workflows.
References:
* Hammer & Champy,Reengineering the Corporation: A Manifesto for Business Revolution.
* GAO,Business Process Re-Engineering for Government Efficiency.