Internal Control Consists of All the Related Methods and Measures

question 125

True/False

Internal control consists of all the related methods and measures adopted within an organisation to safeguard its assets, enhance the reliability of its accounting records, increase efficiency of operations, and ensure compliance with laws and regulations.

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Definitions:

Sweetness

A taste sensation often caused by sugar or substances with a similar chemical structure.

Felines

A family of mammals, known as Felidae, which includes domestic cats, lions, tigers, and other wild cats.

Plant Toxins

Naturally occurring poisonous substances produced by plants as a defense mechanism against herbivores and pathogens.

Detect

To find out or determine the presence or existence of something.