Indicate whether each of the following statements regarding internal control is true or false.
-Administrative controls are concerned with the reliability of a business's financial statements

Question

Quizplus · Accepted Answer

Administrative controls are concerned with policies and procedures that ensure the efficient and effective operation of a business, but are not specifically focused on the reliability of financial statements. This responsibility falls under the purview of accounting and financial controls.

Indicate Whether Each of the Following Statements Regarding Internal Control