Question 4 of 15 View Policies

Current Attempt in Progress Which of the following tratements is truein terms of an internal controisystem? A good internal control system will help a coapary achievereliable financial feporting, elfective and efficient operatiors. and compliarice with laws and regulations. An internal contral in tem cannot be considered effective untal the possibility of human error has been cornpletely eliminated. Only farge companies need to be concerned with a system of internal control. The extent of internal control activities adopted by a company must not be evaluated in terms of cost-beneht. Attempts: 0 of 3 used