Question

Internal controls Group of answer choices consist of policies and procedures designed to provide reasonable assurance that the company achieves its objectives and goals. are implemented by and are the responsibility of the auditors. only apply to SEC companies. guarantee that the company complies with all laws and regulations.

Answer 1

Answer:

consist of policies and procedures designed to provide reasonable assurance that the company achieves its objectives and goals

Explanation:

Internal control refers to the policies and procedures that the management should be used for attaining the goals and objectives. It provides an environment where the managers and staff could maximize the efficiency and effectiveness of the day to day operations

So as per the given situation, the above statement should be true