Internal controls are policies and procedures defined by the management to ensure the smooth functioning of the business processes. Internal controls ensure the complete and correct accounting and safeguards to the assets. To choose: the factor that does not affect the likelihood that a control deficiency would result in a misstatement of account.

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Chapter 7, Problem 7.21MCQ

To determine

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Internal controls are policies and procedures defined by the management to ensure the smooth functioning of the business processes. Internal controls ensure the complete and correct accounting and safeguards to the assets.

To choose: the factor that does not affect the likelihood that a control deficiency would result in a misstatement of account.

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