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ACC311 - Fundamentals of Auditing

Question(s) similar to the following:

Which one of the following statements is NOT true about the internal control system of a company?

Question 1: Which one of the following statements is NOT true about the internal control system of a company?

Internal control is affected by people working in an organization
Internal control is a process of bringing accuracy and improvements in the systems
Internal control system is expected to provide absolute assurance about the performance of a company
Internal control is geared to achieve objectives of financial reporting, compliance and operations

Similar Questions:

Question 2: Which one of the following statements is NOT true about the internal control system of a company?

Internal control is affected by people working in an organization
Internal control is a process of bringing accuracy and improvements in the systems
Internal control system is expected to provide absolute assurance about the performance of a company
Internal control is geared to achieve objectives of financial reporting, compliance and operations
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