Answered: Internal control is intended to provide…

Internal control is intended to provide absolute assurance that an organization will achieve its objective of reliable financial reporting. True False

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 5CYBK

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Question 13

Internal control is intended to provide absolute assurance that an organization will achieve its objective of reliable financial reporting.

True

False

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