Question

Which of the following is not one of the more common methods used by MNCs to improve their internal control process?

a. Ensuring that all data are reported consistently among subsidiaries
b. Establishing a centralized database of information
c. Making executives more accountable for financial statements by personally verifying their accuracy
d. Speeding the process by which all departments and all subsidiaries have access to the data that they need
e. All of these choices are common methods used by MNCs to improve their internal control process.

Answer 1

All choices listed are common methods used by MNCs to enhance internal control processes, including data consistency, centralized databases, executive accountability, and fast data access.

Step-by-step explanation:

The question pertains to common methods used by Multinational Corporations (MNCs) to improve their internal control processes. Common methods include ensuring consistent data reporting among subsidiaries, establishing a centralized database, making executives accountable for financial statement accuracy through personal verification, and speeding up data accessibility across departments and subsidiaries. All of the choices provided are indeed common strategies employed by MNCs to strengthen their internal controls, contributing to better governance and management oversight.