Management can expect various benefits to follow from implementing a system of strong internal control. Which of the following benefits is least likely to occur?
a. Reduced cost of an external audit.
b. Preventing employee collusion to commit fraud.
c. Availability of reliable data for decision-making purposes.
d. Some assurance of compliance with the Foreign Corrupt Practices Act of 1977.
e. Some assurance that important documents and records are protected.
B
You might also like to view...
A chi-square analysis is the examination of frequencies for two metric variables in a cross-tabulation table to determine whether the variables have a significant relationship
Indicate whether the statement is true or false
Which of the following is one of the main purposes of an MRP system?
A. Decrease labor requirements. B. Determine the amount of materials needed to produce each end item. C. Stimulate the work force. D. Educate personnel in basic work rules. E. Increase inventory accuracy.
How much were Enron board members paid?
a. $25,000 per year b. They were not paid c. $3,000,000 per year d. None of the above
Sunset Properties, Inc hires William to manage its 48-unit apartment complex. Nothing is said as to expenses. William purchases fuel to heat the apartments and arranges for a repairman to do ordinary maintenance. William will be personally liable for these expenses, because he has no authority to incur them
Indicate whether the statement is true or false