The internal control objective of 'real' refers to controls in place to ensure that fictitious or
duplicate transactions are not included in the books and records of the organization.

Question

Quizplus · Accepted Answer

The statement is true. The internal control objective of 'real' is to ensure that only real and legitimate transactions are recorded in the books and records of the organization, and that fictitious or duplicate transactions are detected and prevented. This helps to maintain the accuracy, reliability and integrity of the financial information and prevent fraud or errors.

The Internal Control Objective of 'Real' Refers to Controls in Place