Internal Controls Can Never Be Regarded as Completely Effective

question 10

Multiple Choice

Internal controls can never be regarded as completely effective. Even if company personnel could design an ideal system, its effectiveness depends on the

• A) adequacy of the computer system.
• B) proper implementation by management.
• C) ability of the internal audit staff to maintain it.
• D) competency and dependability of the people using it.

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Definitions:

Notice Period

The time frame between when an employee notifies their intent to leave a job and their actual departure, or the period an employer gives an employee before termination.

Wrongful Dismissal

The termination of an employee without just cause or without giving the employee reasonable notice or compensation in lieu of notice.

Progressive Discipline

An employee disciplinary process that follows a graduated range of responses to employee misconduct or poor performance, starting with less severe measures and escalating if necessary.

Employee Rights

Legal entitlements and protections that employees have in their workplace, including fair wages and safe working conditions.