Indicate Whether Each of the Following Statements Regarding Internal Controls

Short Answer

Indicate whether each of the following statements regarding internal controls is true or false.
_____ a)Internal controls are used to provide reasonable assurance that the objectives of an enterprise will be accomplished.
_____ b)Internal controls can be divided into accounting controls and administrative controls.
_____ c)The mechanics of internal control systems do not vary from company to company.
_____ d)Accounting controls are concerned with the evaluation of performance and the assessment of the degree of compliance with company policies and public laws.
_____ e)Administrative controls are composed of policies and procedures that are designed to safeguard the assets and to assure that accounting records contain reliable information.