Internal Control Is the Organizational Plan and All the Related

question 35

True/False

Internal control is the organizational plan and all the related measures adopted by an entity to safeguard assets,encourage employees to follow company policy,promote operational efficiency,and ensure accurate and reliable accounting records.

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Definitions:

Family History

The record of a person's or family's medical and health background used in healthcare to assess risks and diagnose conditions.

Protective Factor

A characteristic or condition that provides a buffer against and reduces the potential negative impact of stressors or risk factors.