Internal Control Is a Plan of Organization and a System

question 51

True/False

Internal control is a plan of organization and a system of procedures designed to prevent fraud.

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Definitions:

Spreadsheet

A spreadsheet is a digital tool that allows for the organization, analysis, and storage of data in tabular form.

Job Identity

Refers to the defining characteristics and duties that distinguish one job from another.

Skill Variety

The degree to which a job requires a range of different activities and skills to carry out the work involved.

Autonomy

The degree of independence and self-direction that an individual or entity has to make decisions and take actions.