(Competency 3: Learning Objectives 2 & 3) What statement or statements are true about internal control structure? Internal control structures are policies and procedures. B Internal control structures provide reasonable assurances. Internal control structures are management's responsibility. All statements are true. Question 29 1.75 Points (Competency 3: Learning Objectives 2) The five elements of internal control structure are control environment, risk assessment. control procedures and activities, adequate accounting staff, and information and communication. A True False