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 checks.
C) External auditors are employees of the company.
D) The control environment is known as the "tone at the top."

Question

Quizplus · Accepted Answer

External auditors are not employees of the company, but rather independent professionals hired by the company to review its financial statements and internal control processes.

Which of the Following Statements About Internal Control Is FALSE