Which of the following statements about internal control is FALSE?
A) Internal auditors insure that employees follow company policies.
B) The treasurer is the officer ultimately responsible for writing of cheques.
C) The control environment is known as the 'tone at the top.'
D) External auditors are employees of the company.
Correct Answer:
Verified
Q2: It is always the auditor's responsibility to
Q4: Internal auditors evaluate company controls to ensure
Q10: Which of the following is a general
Q11: Which of the following is TRUE of
Q13: Reducing expense to increase operating profit is
Q13: External auditors monitor company controls to safeguard
Q14: Which of the following is NOT one
Q17: Which of the following is NOT one
Q17: Mandatory vacations and job rotation improve internal
Q20: Keeping office supplies under lock and key
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