Internal control does NOT consist of policies and procedures that
A) guarantee the company will not go bankrupt.
B) ensure that laws and regulations are being followed.
C) protect assets from misuse.
D) ensure that business information is accurate.
Correct Answer:
Verified
Q41: In preparing a bank reconciliation,the amount indicated
Q43: Management's philosophy and operating style would affect
Q44: A firm's internal control environment is influenced
Q45: A business that requires that all cash
Q47: Which of the following reflects a weak
Q48: In preparing a bank reconciliation,the amount of
Q49: The objectives of internal control are to
A)control
Q50: Money market accounts,commercial paper,and U.S.Treasury Bills are
Q50: Risks can be analyzed to:
A) assess their
Q52: The purpose of the Sarbanes-Oxley Act of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents