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."

---

Definitions:

Analysis of Variance

A statistical method used to compare means of three or more samples, testing the hypothesis that the samples are taken from populations with the same mean.

Mean Square

A measure used in variance and regression analysis, representing the sum of squared deviations divided by the degrees of freedom.

One-Way ANOVA

A statistical test used to determine if there are statistically significant differences between the means of three or more independent groups.

Population Variances

A measure of the dispersion or spread of a set of values in a population, reflecting how much the values differ from the population mean.