The internal control structure of an organization has no relationship to the reliability of accounting information.

Question

Quizplus · Accepted Answer

The internal control structure of an organization is designed to ensure the reliability of accounting information. It includes policies, procedures, and activities to safeguard assets, ensure the accuracy and completeness of financial records, and promote compliance with laws and regulations. A strong internal control structure enhances the reliability of accounting information, while a weak one can undermine it.

The Internal Control Structure of an Organization Has No Relationship