Internal Control Systems Provide Assurance in Each of the Following

question 147

Multiple Choice

Internal control systems provide assurance in each of the following areas except

• A)effectiveness and efficiency of the company's operations.
• B)compliance with applicable laws and regulations.
• C)consolidation of departments within the accounting function.
• D)reliability of financial reporting.

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Definitions:

Allele

A member of a pair of genes.

Homozygous Trait

A genetic condition where an individual inherits identical alleles for a particular gene from both parents.

Heterozygous Trait

A genetic condition where an individual has two different alleles for a particular gene, one inherited from each parent.

Dizygotic Twins

Also known as fraternal twins, born from two separate eggs fertilized by two different sperm, sharing about 50% of their DNA.