Which Statement About Internal Controls Is Incorrect

question 115

Multiple Choice

Which statement about internal controls is incorrect?

• A) Internal controls encompass all of the elements of an organization.
• B) Internal controls support the achievement of an organization's objectives.
• C) Internal controls don't have to be understood if a totally substantive approach is adopted.
• D) Internal controls comprise a key component of audit risk assessment.

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Definitions:

Atomic Sentences

Simplest statements in logic that express a complete thought or claim without any logical connectives, capable of being true or false.

Truth Values

The attribute of a statement that denotes its correspondence with fact or reality, usually as true or false.

Truth Table

A table used in logic to determine the truth values of logical expressions based on all the possible combinations of their constituents.

Atomic Sentences

Statements in logic that cannot be broken down into simpler components and assert a single fact.