Which of the Following Statements Concerning Internal Controls Is True

Multiple Choice

Which of the following statements concerning internal controls is true?

A) Internal administrative controls are designed to limit the amount of funds spent on investments.
B) The control procedure, separation of duties, prohibits the employment of a husband and wife or other closely related parties within the same company.
C) Internal accounting controls are limited to the policies and procedures used to protect the company from embezzlement.
D) Strong internal controls provide reasonable assurance that the objectives of a company will be accomplisheD.Strong internal controls provide reasonable, but not absolute, assurance that the objectives of a company will be accomplished.