Which of the following describes the environment in internal control?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate.
B) The environment is the "tone at the top" of the business.
C) The environment is designed to ensure that the business earns profit.
D) A company must identify its risks.
B
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Which of the following creates an opportunity for fraud to be committed in an organization?
a. Management demands financial success. b. Poor internal control. c. Commitments tied to debt covenants. d. Management is aggressive in its application of accounting rules.
Suppose you postpone consumption and invest at 9% when inflation is 3%. What is the approximate real rate of your reward for saving?
A) 3% B) 5% C) 6% D) 7%
Entrepreneurs with a drive to achieve want to
a. compete. b. watch others succeed. c. take great risks. d. control and dominate.
Nutriman, a company manufacturing health supplements, puts its advertisements in a popular health and fitness blog. The advertisements seamlessly blend in with the overall theme of the blog and almost look like a part of the platform. Which of the following strategies has Nutriman implemented in this scenario?
A. Product placement B. Guerrilla marketing C. Sponsorship D. Native advertising