Which of the Following Statement Is Correct Regarding Internal Control

question 10

Multiple Choice

Which of the following statement is correct regarding internal control?

• A)A well-designed internal control environment ensures the achievement of an entity's control objectives.
• B)An inherent limitation to internal control is the fact that controls can be circumvented by management override.
• C)A well-designed and operated internal control environment should detect collusion perpetrated by two people.
• D)Internal control in a necessary business function and should be designed and operated to detect errors and fraud.

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Definitions:

Human Resource Management

The strategic approach to managing employees and workplace culture, focusing on maximizing employee performance and organizational objectives.

Poor Performers

Employees who do not meet the established standards or expectations of their job roles.

Labour Supply

The total number of individuals available and qualified to work in a specific job market or industry.

Performance Improvement

Initiatives or strategies aimed at enhancing the work performance or productivity of an individual or group.