Internal Control Consists of All the Related Methods and Measures

question 125

True/False

Internal control consists of all the related methods and measures adopted within an organisation to safeguard its assets, enhance the reliability of its accounting records, increase efficiency of operations, and ensure compliance with laws and regulations.

---

Definitions:

Cri Du Chat Syndrome

A genetic disorder caused by a missing piece of chromosome 5, characterized by a high-pitched cry resembling a cat, intellectual disability, and developmental delays.

Chromosome Missing

A condition where an individual lacks one chromosome from the normal chromosome number, leading to genetic disorders.

Nonhomologous Chromosome

Chromosomes that do not pair during meiosis, typically because they contain different sets of genes and are not identical in structure.

Translocation

Movement of a chromosomal segment from one chromosome to another nonhomologous chromosome, leading to abnormalities—e.g., Down syndrome.