Internal Control Quiz
Quiz
•
Other
•
1st Grade
•
Practice Problem
•
Easy
fatimah shuib
Used 4+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do internal controls help ensure?
Higher costs
Inaccurate reporting
Compliance with laws
Increased errors
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a strength of internal controls?
Increases waste
Enhances operational efficiency
Reduces accuracy
Promotes fraud
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can cause human error in internal controls?
Carelessness
Strong design
Segregation of duties
Regular audits
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a weakness of internal controls?
Legal compliance
Operational efficiency
Cost-benefit optimization
High implementation costs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What helps prevent fraud in organizations?
Collusion among employees
Segregation of duties
High costs
Complexity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a benefit of ongoing monitoring?
Reduce efficiency
Create confusion
Increase costs
Detect irregularities early
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can management do that affects internal controls?
Follow procedures
Override controls
Enhance compliance
Reduce costs
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