Internal Controls Are Designed to Accomplish Five Objectives-Comply with Legal

question 45

Multiple Choice

Internal controls are designed to accomplish five objectives-comply with legal requirements, promote operational efficiency, safeguard assets, encourage employees to follow company policy and:

• A) prevent embezzlement.
• B) prevent collusion.
• C) ensure accurate, reliable external audits.
• D) ensure accurate, reliable accounting records.

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Definitions:

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, specifically in terms of word order and punctuation.

Speech Rate

The speed at which a person speaks, typically measured in words per minute, which can affect communication effectiveness and listener comprehension.

Words Per Second

A measure of the speed at which someone can speak or read, frequently used in the context of typing or reading speed.

Garden Path Sentence

A type of sentence that starts in such a way that a reader's most likely interpretation will be incorrect; the reader is led down the "garden path" and needs to reevaluate the sentence's structure to understand it correctly.