Internal Control Procedures Do Not Include

question 78

Multiple Choice

Internal control procedures do not include:

• A)Procedures to ensure reliable financial reports.
• B)Safeguards to protect company assets.
• C)Methods to achieve compliance with laws and regulation.
• D)Procedures to guarantee against fraud.
• E)Policies to direct operations toward common goals.

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Definitions:

Corporate Executives

Individuals who hold senior management positions within a corporation, responsible for making major corporate decisions.

Highly Regulated

Pertaining to industries or sectors that are subject to extensive governmental rules and oversight.

White-Collar Crime

A variety of nonviolent illegal acts against society that occur most frequently in the business context.

Nonviolent Illegal Acts

Activities that break the law but do not involve the use of physical force or violence.