Which of the following statements about internal control is true?
A)Internal auditors ensure that the employees follow company policies.
B)The treasurer and controller have the same responsibilities.
C)External auditors are employees of the company.
D)The internal control procedures are known as the "tone at the top."

Question

Quizplus · Accepted Answer

Internal auditors are responsible for reviewing and evaluating the effectiveness of internal controls and ensuring that employees comply with company policies and procedures.

Note: B is incorrect as the treasurer and controller have different responsibilities in an organization. C is incorrect as external auditors are independent contractors who are not employees of the company. D is incorrect as "tone at the top" refers to the ethical and moral tone set by senior management, not internal control procedures.

Which of the Following Statements About Internal Control Is True