Which of the following is one of the purposes of internal control?
A) to encourage employees to follow company policy
B) to ensure timely payment of Accounts Payables
C) to ensure timely collection of Accounts Receivable
D) to guarantee that a business makes a profit
Correct Answer:
Verified
Q2: Under the Sarbanes-Oxley Act,accounting firms are allowed
Q4: Which of the following is one of
Q5: Which of the following is true of
Q6: Internal auditors monitor company controls to safeguard
Q7: Internal control is an organizational plan that
Q8: Violators of Sarbanes-Oxley Act may be sentenced
Q9: Which of the following is representative of
Q30: An information system is one of the
Q36: External auditors evaluate company controls to ensure
Q49: A system cannot be overcome or broken
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