Asked by
Zaniya Lampkins
on Oct 22, 2024
Verified
Which of the following statements about internal and external control is/are accurate?
A) Effective control typically involves some combination of internal and external control.
B) Organizations are increasingly relying on external control because of the emphasis on participation, empowerment, and involvement in the new workplace.
C) An internal control strategy requires a high degree of trust.
D) a and c
E) a, b, and c
External Control
Influence or regulation by external factors or entities over an organization's or individual's actions and decisions.
Internal Control
Mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
- Understand the concepts and functions of internal and external control mechanisms in organizations.
Verified Answer
CH
Learning Objectives
- Understand the concepts and functions of internal and external control mechanisms in organizations.
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