Which of the following is not one of the more common methods used by MNCs to improve their internal control process?
A) establishing a centralized database of information
B) ensuring that all data are reported consistently among subsidiaries
C) speeding the process by which all departments and all subsidiaries have access to the data that they need
D) making executives more accountable for financial statements by personally verifying their accuracy
E) All of these are common methods used by MNCs to improve their internal control process.

Question

Quizplus · Accepted Answer

All the options listed (A through D) are indeed common methods used by multinational corporations (MNCs) to enhance their internal control processes. Establishing centralized databases, ensuring consistent data reporting, speeding up data access, and holding executives accountable for financial statement accuracy are all strategies aimed at improving oversight, efficiency, and reliability in financial reporting and operations.

Which of the Following Is Not One of the More