Internal Controls Over Fixed Assets Should Provide Reasonable Assurance That

question 21

True/False

Internal controls over fixed assets should provide reasonable assurance that all purchases are authorized and reasonably valued.

---

Definitions:

Majority Opinion

The viewpoint or decision held or made by the greater number of participants in a given group.

Group Pressure

The social influence that groups exert on their members, often encouraging conformity to group norms and values.

Asch

Refers to Solomon Asch, known for his research on conformity and social pressure.

Milgram

Refers to Stanley Milgram, a psychologist best known for his controversial experiments on obedience to authority figures conducted in the 1960s.