Which of the Following Statements About Internal Control Is True

question 174

Multiple Choice

Which of the following statements about internal control is true?

• A)Internal auditors ensure that the employees follow company policies.
• B)The treasurer and controller have the same responsibilities.
• C)External auditors are employees of the company.
• D)The internal control procedures are known as the "tone at the top."

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Definitions:

Federal District Court

A general trial court of the United States federal court system that deals with both civil and criminal cases.

Age Discrimination in Employment Act

A U.S. federal law that prohibits employment discrimination against persons 40 years of age or older.

Arbitration

A method of resolving disputes outside the courts, where the parties present their case to a neutral third party, who makes a binding decision.

Alternative Dispute Resolution Act

Legislation that provides for the resolution of disputes through methods other than litigation, such as arbitration or mediation.