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question # 41 Indicate whether the following statement regarding internal control is true or false. Computer systems have eli
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Answer #1

Answer

FALSE

Explanation

  • Internal controls are the policies and procedures adopted by management to ensure effective and efficient working in an organization.
  • Computers help in automation, but still, frauds can happen in a computerized environment. So, the policies and procedures are still to be kept by an organisation for proper working
  • With computers, the need for internal control has not been eliminated.

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