Internal Controls Are Important Because They

question 17

Multiple Choice

Internal controls are important because they:

• A) deter fraud and prevent misleading financial statements.
• B) eliminate fraud.
• C) ensure that the company maintains a compensating balance.
• D) guarantee accurate financial statements.

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Definitions:

Dermatomyositis

An inflammatory disease marked by muscle weakness and skin rash, primarily affecting the skin and skeletal muscles.

My/o

A prefix relating to muscle or muscles.

Muscle

A tissue composed of fibers capable of contracting to effect bodily movement.

Torsion

The twisting of an organ or body part on its own axis, leading to potential blood flow restriction.