Which of the following statements about internal control is true?

Question

Quizplus · Accepted Answer

Internal auditors are responsible for evaluating the effectiveness of internal control, but they do not ensure that employees follow company policies.

Answer: None of the above 
 Option B is incorrect because the treasurer and controller have different responsibilities, such as managing cash versus preparing financial statements. Option C is incorrect because external auditors are independent contractors, not employees of the companies they audit. Option D is incorrect because the "tone at the top" refers to the ethical and cultural values set by top management, not the internal control procedures themselves.

Which of the Following Statements About Internal Control Is True