The Objectives of Internal Control Are to

question 29

Multiple Choice

The objectives of internal control are to

• A)control the internal organization of the accounting department personnel and equipment.
• B)provide reasonable assurance that assets are safeguarded,information is processed accurately,and laws and regulations are complied with.
• C)prevent fraud and promote the social interest of the company.
• D)provide control over "internal-use only" reports and employee internal conduct.

---

Definitions:

Dividend Per Share

The amount of dividend that a company pays out to its shareholders for each share owned.

Similar Stocks

Stocks from companies operating within the same industry or sector, sharing comparable financial characteristics or market behaviors.

Expected to Grow

This term refers to the anticipation of an increase in size, value, or quantity of an economic entity or variable.

Dividends Are Expected

A statement indicating that shareholders anticipate receiving a share of the profits from a company, usually distributed in the form of cash payments.