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Which of the following statements is false with regards to internal controls? a) Stockholders of publicly-traded companies can be imprisoned if their companies fail to comply with internal control rules. b) Publicly-traded companies must develop a system of internal control. c) None of these is false, Publicly-traded companies internal control system must be evaluated by the company's independent auditor. d) Publicly-traded companies must ensure that their internal controls are reliable and effective.

Respuesta :

The question is about the internal controls, a public limited company is required to maintain a good level of internal controls and so A) is false.

What is Internal Control?

Internal controls are the controls which are enforced by the management, improved by internal auditors and checked by external auditors.

There is no such clause if a public traded company fails to comply with internal controls the stockholders are not imprisoned instead the stockholders are the shareholders or the owner of the company.

Learn more about Internal Controls at https://brainly.com/question/26484682

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