"Effective internal control must begin with top management."
"The 'tone at the top' is a necessary condition if an organization is to have an effective system of internal control."
Statements such as these are becoming a more important part of internal control literature and thought.
The chapter lists a number of characteristics that are important for an effective system of internal control. Many of these characteristics have been part of the internal control literature for years.
Required
Explain why you think a commitment to good internal control by top management is fundamental to an effective system of internal control.