Question

15. For which organizations internal check is suitable
a) Big organizations

b) Small Organisations c) Petty Shopkeepers
d) none of the above​

Answer 1

Answer:

An internal check has been defined by The Institute of Chartered Accountants of England and Wales (ICAEW) as; “the checks on -a day to day transactions which operate continuously as part of the routine system, where the work of one person is proved independently or in complementary to the work of another, the object is ...

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Answer 2

An "internal check" is suitable for big organizations. (option a)

• An "internal check" is an integral part of big organizations.
• A big organization needs precise work and to-the-point work.
• Any errors, frauds, and irregularities must be avoided in the case of big organizations.
• Big organizations have a high amount of stakes and profit with large importance in the market.
• They need to maintain their everyday work with zero error, and they can not afford to make any mistakes.
• Thus internal check is mandatory for big organizations and "option a" is the correct answer.

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