Test Bank For International Accounting, 5th Edition

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1.Award: 10.00 points2.Award: 10.00 pointsEven in large companies, few internal controls exist in order to establish greater control of securityamong limited individuals.TrueFalseReferencesTrue / FalseDifficulty: 1 EasyLearning Objective: I-01 Understand anddiscuss the concept of internal controlsover financial reporting.Since many internal control procedures are automated, internal software controls are not needed.TrueFalseReferencesTrue / FalseDifficulty: 1 EasyLearning Objective: I-01 Understand anddiscuss the concept of internal controlsover financial reporting.  

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