Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which one of the following statements regarding in

Which one of the following statements regarding internal control is false? a. It is not...

60.1K

Verified Solution

Question

Accounting

Which one of the following statements regarding internal control is false?

a. It is not possible to design a system of internal controls that is foolproof.

b. A well-designed system of internal controls should be the goal of every organization whether for profit or not-for-profit.

c. Separation of duties is the easiest control activity to implement in small companies.

d. It is easiest to implement effective internal controls in large companies which are able to devote substantial resources to those systems.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

2 147 3 Refer to the graph of the function and complete

Statistics
1.2K views

Find the p-value as a range using Appendix D. (Round your left-tailed test answers to 3 decimal...

Biology
1.2K views

PLEASE ANSWER ALL PARTS FULLY! How was liquid hybridization used to compare species relatedness? What is the...

Programming
1.2K views

Description: The purpose of the program is to create a Java ticket purchasing program that allows...

Physics
1.2K views

Density of modes. The essentials of calculating the number of modes of vibration of waves confined...

Basic Math
1.2K views

A pharmaceutical manufacturer wants to investigate the bioactivity of a new drug. A completely randomized single-factor experiment...

Accounting
1.2K views

IFRS 15, Revenue from Contracts with Customers, covers which types of revenues? Multiple Choice All...

Accounting
1.2K views

Ratio Analysis Consider the following information taken from the stockholders' equity section: (dollar amount in...

Accounting
1.2K views

Identificar el estndar de auditora que hace referencia explcita a la aplicacin de las ADA...

Accounting
1.2K views

Read and analyse the case study: "Dollar Shave Club" 1. Short introduction to the...

Accounting
1.2K views

According to Chegg policy, I can use 4 MCQ questions at one time, Please help...

Finance
1.2K views

Suppose the interest rate in Japan is 1% p. a. and the interest rate in...