Understanding Internal Control Systems in Accounting: Key

Question 1 Correct Mark 1.00 out of 1.00 Question 2 Correct Mark 1.00 out of 1.00 Question 3 Correct Mark 1.00 out of 1.00 Question 4 Correct Mark 1.00 out of 1.00 Question 5 Correct Mark 1.00 out of 1.00Started onSaturday, 25 March 2023, 7:03 PM StateFinished Completed onSaturday, 25 March 2023, 7:04 PM Time taken53 secs Marks5.00/5.00 Grade10.00out of 10.00 (100.00%) FeedbackWell done - you can attempt the following related Chapter Quiz. The Chapter Quiz does count toward overall assessment for this unit so take care. An internal control system is another term for an accounting system. Select one: True False The existence of an organisational structure, competent personnel and policies and procedures are essential in achieving adequate internal control. Select one: True False The employment of qualified personnel is an example of an accounting control. Select one: True False Adequate separation of duties exists where an employee can bypass another employee checking his work. Select one: True False  Internal control must be achieved at any cost Select one: True False