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An Internal Control System Refers to the Policies and Procedures

question 62

Essay

An internal control system refers to the policies and procedures managers use to _________, ensure reliable accounting, promote efficient operations, and urge adherence to company policies.


Definitions:

False Positive

An error in data reporting in which a test result improperly indicates presence of a condition (such as a disease) when it is not actually present.

Active System

Refers to systems or components in technology or biology that require energy input to operate and actively control or effect changes.

Organizes

The act or process of arranging, structuring, or classifying information, objects, or events based on similarities, differences, or specific criteria.

Retrieves

The act of getting something back from a place or bringing something to mind from memory.

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