12 Mo0 points value Which of the following statements about

12. Mo0 points value: Which of the following statements about internal control is not correct? O It guarantees the management will behave ethically O It helps protect against the theft of assets. O It enhances the reliability of accounting information O It promotes efficient and effective operations.

Solution

12. A

17. A

20. A

27. D

29. C

12. Internal control doesn\'t guarantee that the management will be ethical. It ensures all the remaining options

17. Criminally minded employees have been known to override internal controls or collude to get around them

20. Such procedure is called documenting procedure

27. Cash used to purchase equipment comes under investing activities

29. Dividends paid will come under financing activities