Final answer:
The statement is false; world-class manufacturing environments and traditional manufacturing environments have different internal control procedures due to differences in technology and production processes.
Step-by-step explanation:
The statement that internal control procedures are virtually identical in a world-class manufacturing environment and in a traditional manufacturing environment is false. Internal controls in a world-class manufacturing environment often incorporate more advanced, integrated, and automated systems to manage quality control, inventory, and supply chain management. World-class manufacturing tends to engage in continuous improvement, lean production, and adherence to global standards such as ISO, which require sophisticated control processes. In contrast, traditional manufacturing environments may rely more heavily on manual checks and less integrated systems. Thus, the internal control procedures can differ significantly between the two types of environments to accommodate the respective production processes and technological advancements.