Internal control is said to be the backbone of all businesses. Which of the following is the bestdescription of internal controls?A. Internal controls ensure that the financial statements published are correct.B. The only role of internal controls is to protect customer data.C. Internal controls and company policies are important to protect and safeguard assets and to protect allcompany data and are designed to protect the company from fraud.D. Internal controls are designed to keep employees from committing fraud against the company.
Internal control is said to be the backbone of all businesses. Which of the following is the bestdescription of internal controls?A. Internal controls ensure that the financial statements published are correct.B. The only role of internal controls is to protect customer data.C. Internal controls and company policies are important to protect and safeguard assets and to protect allcompany data and are designed to protect the company from fraud.D. Internal controls are designed to keep employees from committing fraud against the company.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Internal control is said to be the backbone of all businesses. Which of the following is the best
description of internal controls?
A. Internal controls ensure that the financial statements published are correct.
B. The only role of internal controls is to protect customer data.
C. Internal controls and company policies are important to protect and safeguard assets and to protect all
company data and are designed to protect the company from fraud.
D. Internal controls are designed to keep employees from committing fraud against the company.
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