irs 8 to 10 Dr. Garven Saved If a company has an effective internal controls system: Multiple Choice It is not necessary to bond key employees. 0 All human errors will be eliminated. 0 The company is exempt from the Sarbanes-Oxley Act (SOX). 0 The employee who makes cash payments should also record the payments in the accounting system. 0 There will be a lower risk of loss from fraud