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:

Piaget

A Swiss psychologist known for his theory of cognitive development that describes how children's intellect grows through stages.

Plans of Action

Detailed strategies or steps designed to achieve specific goals or outcomes, often involving a sequence of activities or tasks.

Accommodation

The process by which the eye's lens changes shape to focus near or far objects on the retina, or in psychology, adapting one's cognitive structures to incorporate new information.

Assimilation

The cognitive process of fitting new information into existing cognitive schemas, perceptions, and understanding.