Question 9Which of the following is not considered to be part of the internalcontrol structure of a company?Ensure that assets are kept secure.O Monitor operations of the organization to ensure maximum efficiency.Publish accurate financial statements on a regular basis.Ensure assets are properly used.

components of Internal control structure : control environment , Risk assessment , control…

Answered: Question 9 Which of the following is…

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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Similar questions

Which of the following are affected by the quality of an organization’s internal controls? a. Reliability of financial data. b. Ability of management to make informed business decisions. c. Ability of the organization to remain ¡n business. d. All of the above. e. Only a and c.
Which of the following is not considered to be part of the internal control structure of a company? Group of answer choices 1.Ensure that assets are kept secure. 2.Monitor operations of the organization to ensure maximum efficiency. 3.Publish accurate financial statements on a regular basis. 4.Ensure assets are properly used.
All of the rules and processes used to safeguard assets, assure accurate accounting, promote efficient operations, and encourage compliance with business regulations make up an internal control system. What do you think of this statement? What are the reasons for or against
The use of a bank account addresses which objective of internal control? Group of answer choices safeguard assets ensure reliability of accounting data promote operational efficiency encourage adherence to prescribed managerial policies
Internal control consists of the plan of organization and all of the related methods and measures adopted within a business to (a) safeguard its assets, and (b) enhance the accuracy and reliability of its accounting records. True O False
Which one of the following components of internal control over financial reporting sets the tone for the organization? a. Risk assessment. b. Control environment. c. Information and communication. d. Monitoring.
Refer to Exhibit 3.9. What are the important features of management’s report on internal control over financial reporting?
All of the following are objectives of internal control excepta. to ensure accurate and reliable accounting records.b. to comply with legal requirements.c. to maximize net income.d. to safeguard assets.
_______ comprises of the plan of the organization and all the co-ordinate methods and measures adopted within a business to safeguard its assets, check the accuracy and reliability of its accounting data to promote operational efficiency and to encourage adherence to prescribed managerial policies. a. Internal Control b. Internal Audit c. Audit Plan d. Risk Assessment
Understanding internal control, components, procedures, and laws Match the following terms with their definitions.
S8-1 Definition of internal control Internal controls are designed to safeguard assets, encourage employees to follow company policies, promote operational efficiency and ensure accurate records. Which objective is most important? Which must the internal controls accomplish for the business to survive? Give your reasons.
Which of the following is NOT one of the purposes of internal control? a. to guarantee the success of the business b. to safeguard the entity’s assets and resources c. to deter errors, fraud, and theft d. to ensure the accuracy and completeness of the accounting data

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