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Shelly Eckert has prepared the following list of statements about internal control. Identify each statement...

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Accounting

Shelly Eckert has prepared the following list of statements about internal control. Identify each statement as true or false.

(a)

One of the objectives of internal control is to safeguard assets from employee theft, robbery, and unauthorized use.

 Select the fraud triangle factor TrueFalse
(b)

One of the objectives of internal control is to enhance the accuracy and reliability of the accounting records.

 Select the fraud triangle factor TrueFalse
(c)

No laws require U.S. corporations to maintain an adequate system of internal control.

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