The Two Main Objectivof Internal Controls Are

question 77

Multiple Choice

The two main objectivof internal controls are:

• A) to support the automated parts of the business in the functioning of the controls in place.
• B) to prevent or detect misstatements in the financial statements.
• C) both a and b.
• D) none of the above.

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Definitions:

Alloy

A mixture of metals or a mixture of a metal and another element, achieved through melting and mixing.

Chromatography

A method used to separate components of a mixture based on the differential affinities of compounds to a mobile phase and a stationary phase.

Colored Pigments

Substances that absorb certain wavelengths of light, giving color to materials like plants and art.

Different Particles

Various fundamental or composite units of matter that constitute the universe, such as electrons, protons, and neutrons.