Internal Control Is the Organisational Plan and All the Related

question 5

True/False

Internal control is the organisational plan and all the related measures adopted by an entity to safeguard assets,encourage employees to follow company policy,promote operational efficiency and ensure accurate and reliable accounting records.

---

Definitions:

Patterns and Variations

Regularities and differences found in data or phenomena, often analyzed to understand trends, relationships, or underlying causes.

Coding and Quantifying

The process of categorizing qualitative data into quantitative form, allowing for numerical analysis and statistical assessment.

Metalingual Function

One of Jakobson’s semiotic functions. Establishes the agreed-upon meaning for words—for example, by establishing that Rose refers to the name of a girl, not a flower.

Agreed Meaning

Shared understanding among individuals or groups about the interpretation of a term or concept.