ou cannot take it within this timeframe, please contact me immediately. Any requests for an extension made clos r after the deadline will not be granted. nk you, Vitale Question 1 2 pts Internal control systems are: O Developed by the Securities and Exchange Commission for public companies. O Developed by the Small Business Administration for non-public companies. O Developed by the Internal Revenue Service for all U.S. companies. O Required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company). O Required only if a company plans to engage in interstate commerce. D | Question 2 2 pts Which of the following is not one of the policies and procedures that make up an internal control system? O Protect assets. O Ensure reliable accounting. O Guarantee a return to investors. O Urge adherence to company policies. O Promote efficient operations. Promote efficient operations. Question 3 2 pts The impact of technology on internal controls includes: O Reduced processing errors. 0 Elimination of the need for regular audits. O Elimination of the need to bond employees. 0 Elimination of separation of duties. Elimination of fraud. Question 4 2 pts 0 Elimination of separation of duties. O Elimination of fraud. D Question 4 2 pts The principles of internal control include: O Separate recordkeeping from custody of assets. O Maintain minimal records. O Use only computerized systems. O Bond all employees O Require automated sales systems. 2 pts D Question 5 Bond all employees. O Require automated sales systems. Question 5 2 pts Two clerks sharing the same cash register is a violation of which internal control principle? O Establish responsibilities. O Maintain adequate records. O Insure assets. O Bond key employees. O Apply technological controls. 2 pts DQuestion 6