Failures of corporate internal controls and inadequate internal control systems allowed unethical executives at such companies as Enron and Tyco to act in their own self-interest.

Question

Quizplus · Accepted Answer

This statement is true. The lack of effective internal controls allowed executives at Enron and Tyco to engage in unethical behavior, such as manipulating financial statements and misappropriating company funds for personal gain.

Failures of Corporate Internal Controls and Inadequate Internal Control Systems