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Based on the Four Purposes of Internal Controls Discussed in the Text

Question 40

Multiple Choice

Based on the four purposes of internal controls discussed in the text, which of the four pairs listed are the most similar based on those purposes?


A) Safeguarding assets, data encryption.
B) Ensuring financial statement reliability, internal audits.
C) Promoting operating efficiency, restrictive endorsements.
D) Encouraging compliance with management directives, insurance and bonding.

Correct Answer:

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