Internal Control Is a Plan of Organization and System of Procedures,implemented

question 99

Multiple Choice

Internal control is a plan of organization and system of procedures,implemented by company ________ and the ________,designed to accomplish five objectives.

• A)internal auditors,employees
• B)external auditors,management
• C)management,board of directors
• D)external auditors,board of directors

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Definitions:

Knowledge

Information, understanding, or skill that one gets from experience or education; the theoretical or practical understanding of a subject.

Jürgen Habermas

A German sociologist and philosopher known for his theory on the public sphere, discourse ethics, and the concept of communicative rationality.

Rationality

Primarily, the ability to think and to act according to goals, plans, and strategies. Rationality is also thinking well and effectively and having good, well-conceived goals, plans, and strategies. In the first instance, rationality is to be contrasted with nonrationality; in the second instance, it is contrasted with irrationality. Worms are nonrational; fools and fanatics are irrational.

Powerful

Pertaining to having great power, influence, or effect.