Which of the Following Statements Is Not True Regarding Internal

question 50

Multiple Choice

Which of the following statements is not true regarding internal control procedures?

• A) Internal control procedures include methods to achieve compliance with laws and regulations.
• B) Internal control procedures direct operations toward common goals.
• C) Internal control procedures are designed to safeguard company assets.
• D) Internal control procedures are not affected by the cost-benefit principle.
• E) Internal control procedures are designed to ensure reliable financial reports.

---

Definitions:

Properties

The characteristics or attributes that help define or identify mathematical objects, operations, or relationships.

Approximate

A value or quantity that is nearly but not exactly correct, often used when exact figures are not necessary or available.

Properties

Refers to characteristics or attributes that define or identify mathematical figures, numbers, and operations.

Logarithms

A logarithm with a specified base is the exponent by which the base must be raised to yield a particular number. It is a different way to express exponentiation.