One of the objectives of internal control is to:
A) control the internal organization of the accounting department personnel and equipment.
B) provide reasonable assurance that assets are safeguarded.
C) prevent fraud and promote the social interest of the company.
D) provide control over "internal-use only" reports and employee internal conduct.
Correct Answer:
Verified
Q45: The Sarbanes-Oxley Act of 2002 requires companies
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Q55: An element of internal control is:
A)business.
B)management.
C)monitoring.
D)personnel policies.
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Q58: In preparing a bank reconciliation, the amount
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Q67: A voucher:
A)is received from customers to explain
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Q73: The bank reconciliation
A) should be prepared by
Q80: An element of internal control is
A) risk
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