Which of the Following Statements About Internal Control Is CORRECT

question 83

Multiple Choice

Which of the following statements about internal control is CORRECT?

• A) Exceptional strong internal control is enough for the auditor to eliminate substantive tests on a significant account balance.
• B) Properly maintained internal control reasonably ensures that collusion among employees cannot occur.
• C) The cost-benefit relationship is a primary criterion that should be considered in designing internal control.
• D) The establishment and maintenance of internal control is an important responsibility of the internal auditor.
• E) All of these are correct statements about internal control. C

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Definitions:

Motion Pictures

A series of still images which, when shown on a screen, create the illusion of moving images; also known as movies.

Binding Problem

A fundamental issue in cognitive neuroscience concerning how perceptual features (like color, shape, motion) are combined to create a unified, coherent object perception.

Stimulus Information

refers to data or sensory input that triggers a response in an organism or system.

Conjunctive Stimuli

A combination of stimuli that are presented together and the response is conditioned to their combination rather than to any individual component.