Accountıng I Deneme Sınavı Sorusu #1229192
- The objectives can be categorized into four groups.
- Reporting objectives are about the reliability of reports.
- Operation objective state the efficiency and effectiveness of the business’ activities.
An internal control should design and implement to achieve some objectives. Which of the statements above are true about these objectives?
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Only II |
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II and III |
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I and II |
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I and III |
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I, II and III |
Yanıt Açıklaması:
The objectives can be categoized in 3 groups;
Operations objectives: These objective state the efficiency and effectiveness of the business’ activities. Reporting objectives: These objectives are about the reliability of financial, non-financial and all other types of reports.
Compliance objectives: These objectives related to complying with laws and regulations that the business is subject to according to the its characteristics.
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