When Internal Controls Are Effective

question 1

Multiple Choice

When internal controls are effective,

• A) there will be an increased reliance on substantive tests of transactions and account balances.
• B) control risk will also be high.
• C) the organization is more likely to achieve its strategic and operating objectives.
• D) the organization is less likely to achieve its strategic and operating objectives.

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Definitions:

Chemical Analysis

The process of identifying the chemical components and properties of a substance or sample.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by problems with focus, hyperactivity, and impulsiveness.

ADD

Attention Deficit Disorder, a chronic condition including attention difficulty, hyperactivity, and impulsiveness.

Heritable

Capable of being passed from one generation to the next through genetic inheritance.