Internal control comprises the plan of the organisation and the procedures and records that are concerned with:
A) authorisation of transactions.
B) reliability of statistical data.
C) decision processes of management.
D) achievement of the company's objectives and goals.
Correct Answer:
Verified
Q27: A well- designed system of management risk
Q29: When a compensating control exists, a deficiency
Q30: It is important for the auditor to
Q31: Each key control that the auditor intends
Q33: Management's integrity and ethical values include:
A) codes
Q34: Certain relevant principles dictate the proper design
Q35: Authorisations can be either general or specific.
Q36: The financial statements are NOT likely to
Q37: The most important aspect of any system
Q37: When two or more employees act together
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents