Internal Controls Are Not Designed to Provide Reasonable Assurance That

question 24

Multiple Choice

Internal controls are not designed to provide reasonable assurance that

• A) Transactions are executed in accordance with management's authorization.
• B) Embezzlement will be eliminated.
• C) Access to assets is permitted only in accordance with management's authorization.
• D) Amounts recorded for assets is compared with the actual existing assets at reasonable intervals.

---

Definitions:

Scrotum

A pouch of skin containing the testicles and parts of the spermatic cords, playing a role in regulating their temperature.

Epididymis

A tightly coiled tube located at the back of the testicle where sperm matures.

Inguinal Hernia

A condition where soft tissue protrudes through a weak point in the abdominal muscles near the groin.

Abdominal Muscles

A group of muscles in the abdomen involved in the movement and support of the torso and important for posture and respiratory functions.