Small Companies Cannot Have Internal Controls Since They Do Not

question 114

True/False

Small companies cannot have internal controls since they do not have enough employees to segregate duties.

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Definitions:

Questioning Phase

A part of a process, discussion, or investigation where questions are posed to gather information, clarify doubts, or explore new ideas.

Interviewer Responsibility

The duty of an interviewer to conduct fair, unbiased interviews and create an environment where candidates can accurately showcase their qualifications.

Interviewee Responsibility

The obligations and duties of a person being interviewed, such as being prepared and honest.

Speak Quietly

The act of talking in a soft or hushed tone, typically to avoid disturbing others or to convey a sense of privacy.