Which of the following is true ofinternal control?OA. Internal controls are onlynecessary for large businesses.OB. A company's outside auditoris responsible for the company'sinternal control system.OC. Internal control procedurestend to diminish the importanceof operational efficiency.OD. One of the major purposes ofinternal control is to ensureaccurate, reliable accountingrecords.

Internal control is a process designed to provide reasonable assurance regarding the achievement of…

Answered: Which of the following is true of…

Business

Accounting

Which of the following is true of internal control?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 4MC: Which of the following is not considered to be part of the internal control structure of a company?...

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Question

100%

Which of the following is true of
internal control?
OA. Internal controls are only
necessary for large businesses.
OB. A company's outside auditor
is responsible for the company's
internal control system.
OC. Internal control procedures
tend to diminish the importance
of operational efficiency.
OD. One of the major purposes of
internal control is to ensure
accurate, reliable accounting
records.

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