Internal control is the responsibility of the external auditor of the organization.
Correct Answer:
Verified
Q2: Monitoring involves identifying the control activities and
Q3: Independent checks of performance should be carried
Q4: Control activities are the actions that must
Q5: An independent check of performance would be
Q7: A strong system of internal control will
Q8: A risk assessment of a company's internal
Q9: Proper segregation of accounting duties eliminates the
Q10: Effective and efficient operations can be a
Q11: When one person is responsible for all
Q12: The responsibility for keeping the records for
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