The Objectives of Internal Control Are to

question 113

Multiple Choice

The objectives of internal control are to

• A)control the internal organization of the accounting department personnel and equipment
• B)provide reasonable assurance that assets are safeguarded and used for business purposes,financial reports are accurate,and laws and regulations are complied with
• C)prevent fraud,and promote the social interest of the company
• D)provide control over "internal-use only" reports and employee internal conduct

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Definitions:

Amino Acids

Organic compounds that serve as the building blocks of proteins, essential for various bodily functions and processes.

Nucleotides

The basic structural unit and building block for DNA and RNA, consisting of a nitrogenous base, a sugar (ribose or deoxyribose), and one or more phosphate groups.

Chargaff's Rules

Empirical rules stating that in any sample of double-stranded DNA, the amount of adenine (A) equals thymine (T) and the amount of guanine (G) equals cytosine (C).

Base Pairs

Base pairs are the pairs of nitrogenous bases that connect the complementary strands of DNA, consisting of adenine with thymine and cytosine with guanine in DNA.