Management Can Expect Various Benefits to Follow from Implementing a System

question 99

Multiple Choice

Management can expect various benefits to follow from implementing a system of strong internal control.Which of the following benefits is least likely to occur?

• A) reduced cost of an external audit.
• B) prevents employee collusion to commit fraud.
• C) availability of reliable data for decision-making purposes.
• D) some assurance of compliance with the Foreign Corrupt Practices Act of 1977.
• E) some assurance that important documents and records are protected.

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Definitions:

Cell References

Indicators or addresses that identify individual cells in a spreadsheet, and are used in formulas to reference specific data.

Constant Values

Fixed values in mathematics or computing that do not change.

Paste Button

A user interface element that allows users to insert text, data, or multimedia content previously copied or cut from another location.

Nonadjacent Location

Refers to cells or areas in a spreadsheet that are not next to each other but are selected or manipulated as a group.