Which of the Following Describes the Internal Control Component Information

question 35

Multiple Choice

Which of the following describes the internal control component information system?

• A)Only authorized users have access to various parts of the information system.
• B)Control procedures are designed to ensure that the business's goals are achieved.
• C)The information system is the'tone at the top' of the business.
• D)Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate.

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Definitions:

Team Members

Individuals who are part of a group working together towards a common goal, each contributing with their skills and efforts.

Goal Orientation

Involves the desire or ambition to achieve a specific outcome or fulfill a set pattern of objectives, often guiding how individuals approach tasks and challenges.

Performance Outcomes

The results or achievements arising from the actions or performance of an individual or group in various contexts, such as work, sports, or education.

Institutional Investors

Large organizations such as banks, insurance companies, and pension funds that invest large amounts of money.