opeles the statement or answers the question 1. The objectives of internal control are to a. control the internal organization of the accounting department personnel and equipment b. provide reasonable assurance that assets are safeguarded and used for business purposes, business information Cas is accurate, and laws and regulations are complied with e. prevent fraud, and promote the social interest of the company d. provide control over "internal-use only" reports and employee internal conduct Cas Cr a) 2. Sarbanes-Oxley applies to a. publicly held companies b. not-for-profit organizations c. privately held businesses d. all of these 3. A firm's internal control environment is not influenced by a. management's operating style b. organizational structure c. personnel policies d. monitoring policies 4. Internal control does not consist of policies and procedures that a. protect assets from misuse b. ensure employees and managers comply with laws and regulations c. guarantee the company will earn a profit d. ensure that business information is accurate 5. A necessary element of internal control is a. database b. systems design c. systems analysis d. information and communication 6. Which one of the following reflects a weak internal control system? a. all employees are well supervised b. a single employee is responsible for comparing a receiving report to an invoice c. all employees must take their vacations d. a single employee is responsible for collecting and recording of cash