Internal controls Select one: a. consist of policies and procedures designed to provide reasonable assurance that the company achieves its objectives and goals b. are implemented by and are the responsibility of the auditors c. guarantee that the company complies with all laws and regulations d. only apply to SEC companies

consist of policies and procedures designed to provide reasonable assurance that the company achieves its objectives and goals

Explanation:

Internal controls consist of policies and procedures designed to provide reasonable assurance that the company achieves its objectives and goals.

Internal controls can be divided into three types:

- Detective

- Preventative

- Corrective.

The seven (7) Internal control procedures are;

1. Separation of duties

2. Access controls

3. Physical audits

4. Standardized documentation

5. Trial balances

6. Periodic reconciliations

7. Approval authority.

the answer is i don't know

the correct answer is b.)