Which of the Following Statements About Internal Control Is FALSE

question 93

Multiple Choice

Which of the following statements about internal control is FALSE?

• A) Internal auditors insure that employees follow company policies.
• B) The treasurer is the officer ultimately responsible for writing of checks.
• C) External auditors are employees of the company.
• D) The control environment is known as the "tone at the top."

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Definitions:

Responsible

Having the duty to deal with something or having control over someone, often implying the ability to make important decisions or obligations.

Coat Rack

A piece of furniture or device used for hanging coats, hats, or other garments.

Manager

An individual responsible for directing and overseeing the activities and operations of a group or organization.

Conditional Gift

A gift that is given with specified conditions that must be met by the receiver for the ownership to fully transfer.