An Internal Control System Consists of All the Following Policies

question 125

Multiple Choice

An internal control system consists of all the following policies and procedures except:

• A) Those necessary to ensure the safeguarding of an entity's assets.
• B) Those necessary to ensure that cash on hand and on deposit in checking accounts is beyond the minimal amount for ongoing operations.
• C) Those necessary to ensure the reliability of its accounting records.
• D) Those necessary to ensure the accomplishment of its overall objectives.

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Definitions:

Fracture Line

A physical break or crack indication on a bone or hard surface, typically resulting from trauma or stress.

Bone Fragments

Small pieces of bone, often the result of fractures, that are separated from the main bone.

Embolus

A circulating mass in a blood vessel; foreign material that obstructs a blood vessel.

Foreign Material

Substances or objects not naturally present or expected to be in a particular location, which can cause harm or infection if introduced into the body.