Internal Controls Are Procedures Set Up To

question 151

Multiple Choice

Internal controls are procedures set up to:

• A) Protect assets.
• B) Ensure accounting reports are free from error,neutral and complete.
• C) Promote efficiency.
• D) Ensure company policies are followed.
• E) All of these answers are correct.

---

Definitions:

Political Issues

Matters related to governance, policies, and the distribution of power and resources within a country or between nations.

Internal Reality

This refers to an individual's personal perceptions, feelings, and experiences, independent of external influence.

Diagnosis

The process of identifying and naming a psychological or medical condition through observation of symptoms and assessment tools.

Egalitarian Relationship

A relationship characterized by equality, where each party has equal rights, responsibilities, and opportunities.