Which of the Following Is True of the Internal Control

question 32

Multiple Choice

Which of the following is true of the internal control component-information system?

• A)Internal auditors monitor company controls to safeguard assets,and external auditors monitor the controls to ensure that the accounting records are accurate.
• B)Control procedures are designed to ensure that the business's goals are achieved.
• C)Only authorized users have access to various parts of the information system.
• D)The information system is the "tone at the top" or the culture of the business.

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Definitions:

Base Year

A specific year chosen as a point of reference or standard of comparison for financial or economic data.

American Family

A social unit in the United States consisting of individuals related by blood, marriage, or adoption, characterized by diverse structures and cultural practices.

Sustained Deflation

A prolonged period in which the level of consumer prices decreases, indicating a reduction in the inflation rate below zero percent.

World War II

A global conflict that lasted from 1939 to 1945, involving many of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.