Internal Controls Do Not Control

question 35

Multiple Choice

Internal controls do not control:

• A)Physical assets in an organisation
• B)Information resources in an organisation.
• C)Human behaviours in an organisation.
• D)Business process efficiencies in an organisation.

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Definitions:

Larceny

The unlawful taking and carrying away of someone else's personal property with the intent to deprive the rightful owner of it permanently.

Embezzlement

The act of dishonestly withholding or stealing funds that have been entrusted to one's care.

Bank Fraud

The use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution.

Foreign Corrupt Practices Act

A United States federal law aimed at preventing the bribery of foreign government officials to assist in obtaining or retaining business.