Internal Control Is Most Effective When Several People Are Responsible

question 32

True/False

Internal control is most effective when several people are responsible for a given task.

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Definitions:

ISO14031

An international standard that provides guidance on how to conduct environmental performance evaluation to improve environmental management.

Environmental Performance

An assessment of how an organization's activities affect the environment and how well it manages those effects.

Performance Measures

Metrics or indicators used to assess, track, and improve the efficiency, effectiveness, and overall performance of an organization, its processes, or its employees.

Management Accounting

The practice of identifying, measuring, analyzing, and interpreting financial information to help managers make informed business decisions and control operations.