Final answer:
The statement that internal control procedures are virtually identical in a world-class manufacturing environment and in a traditional manufacturing environment is false, as these environments have different objectives and operational styles.
Step-by-step explanation:
Internal control procedures are not virtually identical in a world-class manufacturing environment and in a traditional manufacturing environment. This is false. World-class manufacturing often employs advanced techniques such as total quality management, just-in-time inventory, and continuous improvement processes, leading to a more flexible and responsive system. Traditional manufacturing environments, on the other hand, tend to have a more mechanized work environment with a focus on producing identical products and may not incorporate such advanced processes. Therefore, internal controls in these environments would likely differ to serve the unique objectives and operational styles of each.