AIEEE Questions

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Internal control, as defined in accounting and auditing, is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.

Internal control is all of the policies and procedures management uses to achieve the following goals.

• Safeguard University assets - well designed internal controls protect assets from accidental loss or loss from fraud.

• Ensure the reliability and integrity of financial information - Internal controls ensure that management has accurate, timely and complete information, including accounting records, in order to plan, monitor and report business operations.

• Ensure compliance - Internal controls help to ensure the University is in compliance with the many federal, state and local laws and regulations affecting the operations of our business.

• Promote efficient and effective operations - Internal controls provide an environment in which managers and staff can maximize the efficiency and effectiveness of their operations.

• Accomplishment of goals and objectives - Internal controls system provide a mechanism for management to monitor the achievement of operational goals and objectives.

Hence, Internal controls are concerned with safeguarding assets.

An SSD (solid-state drive) is a type of nonvolatile storage media that stores persistent data on solid-state flash memory.

Dipsomania is one word substitute for Irresistible craving for alcoholic drinks.

The Length of the Day is determined in Astronomical Units.

The length of a day corresponds to the time the Earth takes to turn around on its axis, which is approximately 24 hours. But it's not exactly 24 hours. 

This phenomenon is due to tides raised by the Moon which slow Earth's rotation. Because of the way the second is defined, the mean length of a day is now about 86 400.002 seconds, and is increasing by about 1.7 milliseconds per century.

DNA is a very long chain polymer made up of thousands of repeating units called nucleotides.

Nucleotide Unit is composed of a phosphate group, a pentose sugar, and a nitrogenous base.

The sides of the DNA ladder are made up of alternating deoxyribose sugar -- phosphate group units.

The person one who is fond of fighting is known as Bellicose.

Gene flow means migration of genes from one to another. This gene flow is caused by individuals moving into population.