Internal Control Systems

question 2

Multiple Choice

Internal control systems:

• A)are the responsibility of the external auditor
• B)include anti-fraud measures
• C)are designed to allow financial misrepresentation
• D)require that one person perform all aspects of a task
• E)all of the above

---

Definitions:

Industrial Market Economies

These are economies characterized by significant industrial activity, where goods are produced using advanced technological means.

Sub-Saharan African

Referring to the geographical area of the African continent that lies south of the Sahara Desert, characterized by diverse cultures, languages, and economies with varying levels of development.

Poor Countries

Poor countries are those with low levels of economic productivity, insufficient incomes, and a general standard of living considered below acceptable norms.

Industrial Market Economies

Economies characterized by sectors that primarily focus on manufacturing and industrial activities, as opposed to agricultural or service sectors, generally involving a significant use of technological and capital investment.