Internal Control Over Financial Reporting Includes Each of the Following

question 35

Multiple Choice

Internal control over financial reporting includes each of the following elements except for:

• A) Maintaining accurate financial records
• B) Providing reasonable assurance that receipts and expenditures are recorded based on proper authorization by management
• C) External audit conducted in accordance with generally accepted auditing standards
• D) Adhering to company policies and procedures

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Definitions:

Social Control

Refers to the ways in which a social system attempts to regulate people’s thoughts, feelings, appearance, and behavior.

Michel Foucault

A French philosopher and social theorist known for his influence on critical theory and studies of power, knowledge, and discourse.

Sexual Assault

An act in which a person intentionally sexually touches another person without that person's consent, or coerces or physically forces a person to engage in a sexual act against their will.

Social Scientists

Researchers who study various aspects of human society, including culture, behavior, history, and social interactions.