Internal control is a plan of organization and system of procedures,implemented by company ________ and the ________,designed to accomplish five objectives.
A)internal auditors,employees
B)external auditors,management
C)management,board of directors
D)external auditors,board of directors

Question

Quizplus · Accepted Answer

Internal control is implemented by the company's management and the board of directors, as they are responsible for ensuring that the organization operates effectively, efficiently, and in compliance with applicable laws and regulations. Internal auditors may assist in monitoring and evaluating the effectiveness of internal control, but they are not responsible for implementing it. External auditors review the effectiveness of internal control as part of their audit, but they do not implement it.

Internal Control Is a Plan of Organization and System of Procedures,implemented