Which of the Following Statements About Internal Control Is True

question 103

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 they audit.
• D) The internal control procedures are known as the "tone at the top."

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Definitions:

Industrialization

The development and adoption of large-scale industrial production methods and the societal and economic shifts that accompany this transition.

Migration

The movement of people from one place to another with the intention of settling temporarily or permanently in the new location, often for economic, social, or environmental reasons.

High School Attendance

The act of being present at high school during required days and times, crucial for academic success and social development.

Freudian View

A perspective based on the theories of Sigmund Freud, which emphasizes unconscious processes and sexual drives in human behavior and development.