Take the following as truth: We categorize these actions into the five components of internal control-control environment, risk assessment, control activities, information and communications, and monitoring-outlined in the Comptroller General's Standards for Internal Control in the Federal Government (GAO-AIMD-00-21.
Then the following statement: "The internal control is essential in making everything work as it should." is true, false, or inconclusive?
Answer: Inconclusive