The Objectives of Internal Control Are to

question 120

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 operations are managed to achieve goals, financial reports are accurate, 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

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Definitions:

Preliminary

Initial or preparatory, serving as a precursor to further action or investigation.

Rapport

A relationship characterized by mutual understanding, trust, and empathy, often seen as foundational in therapeutic and professional contexts.

Nonverbal Communication

The exchange of information through non-linguistic means, such as facial expressions, gestures, and posture.

Bimodal

Pertaining to or having two modes, often used in statistics to describe distributions with two different peaks or in communications to refer to systems that use two distinct methods of operation.