Moyer Instruments is a medical device manufacturer that has experienced rapid growth. To improve internal controls as a result, management modified some procedures and practices, upsetting some employees who feel it shows a lack of trust. Required is an explanation of whether the statement "Internal controls exist because most people can't be trusted" is true.

1. 250 WORDS
Moyer Instruments is a rapidly growing manufacturer of
medical devices. As a result of its growth, the company's
management recently modified several of its procedures and
practices to improve internal control. Some employees are upset
with the changes. They have complained that all these changes
just show that the company no longer trusts them. Required:
"Internal controls exist because most people can't be trusted." Is
this true? Explain.