The Internal Control Objective of 'Real' Refers to Controls in Place

question 36

True/False

The internal control objective of 'real' refers to controls in place to ensure that fictitious or duplicate transactions are not included in the books and records of the organisation.

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Definitions:

Social Media Platforms

Online services and websites that allow users to interact, share content, and participate in social networking.

User Activities

Actions undertaken by users of a platform or service, encompassing a wide range of interactions like browsing, posting, or utilizing features.

Dissenting Opinions

Opinions that differ from the majority view, especially those differing from official verdicts or commonly held beliefs.

Anonymous Focus Groups

Research groups where participants’ identities remain unknown to both researchers and other participants, used to gather unbiased opinions and feedback.