a. A properly maintained internal regulate system fairly ensures that collusion among employees can not occur.

You are watching: Which of the following statements about internal control is correct?

b. The establishment and maintenance of internal manage is critical responsibility of the interior auditor.

c. One exceptionally strong internal control system is sufficient for the auditor to remove substantive steps on a far-ranging account balance.

d. The cost-benefit partnership is a major criterion that need to be taken into consideration in developing an internal manage system.

 


jan 03 2021 12:28 afternoon

1 approved Answer


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Santosh T answer on January 05, 2021
5 Ratings, (10 Votes)
Answer: option A

Sox improve the that company transparency to protect the interest of the shareholders in relation to the financial reports.

It assess both design and also operating effeteness of the internal controls related to far-reaching accounts and their related...
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