Which of the following conditions must exist for internal controls to be effective?
A)Policies must be communicated effectively by top management.
B)They must be tailored to the size and nature of the business.
C)Personnel at all levels must adopt the organisation's goals,objectives and ethical standards.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the above conditions must exist for internal controls to be effective. Policies must be effectively communicated by top management, internal controls must be tailored to the size and nature of the business, and personnel at all levels must adopt the organization's goals, objectives, and ethical standards. If any of these conditions are not in place, internal controls will not be as effective as they could be.

Which of the Following Conditions Must Exist for Internal Controls