The Two Main Objectives of Internal Controls Are

question 1

Multiple Choice

The two main objectives of internal controls are:

• A) to support the automated parts of the business in the functioning of the controls in place.
• B) to prevent or detect misstatements in the financial statements.
• C) both a and b
• D) none of the above.

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Definitions:

Reference Types

Types that represent references to objects or instances, as opposed to primitive data types.

Copy Constructor

In object-oriented programming, a constructor method that sets up a new instance by utilizing another instance from the same class.

Memory Location

An address identifying a specific location in computer memory where data is stored.

Copy Constructor

In object-oriented programming, a constructor that sets up a new object by copying values from another object of the identical class.