Which of the Following Statements About Internal Control Is Correct

question 6

Multiple Choice

Which of the following statements about internal control is correct?

• A)The establishment and maintenance of internal control is an important responsibility of the internal auditor.
• B)Properly maintained internal control reasonably ensures that collusion among employees cannot occur.
• C)The cost-benefit relationship is a primary criterion that should be considered in designing internal control.
• D)Exceptionally strong internal control is enough for the auditor to eliminate substantive tests on a significant account balance.

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A function in spreadsheet software that counts the number of non-blank cells in a database that match specified conditions.

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The process of ensuring that a program’s input data is correct, complete, and meets the desired criteria.

Validation Rule

A set of criteria or conditions that data must meet before it is accepted or processed by a system.