An internal control system is the policies and procedures that managers use to
A) Protect assets
B) Ensure reliable accounting
C) Promote efficient operations
D) Encourage adherence to company policies.
E) All of the above

Question

Quizplus · Accepted Answer

An internal control system aims to accomplish all of the objectives mentioned in the options (protecting assets, ensuring reliable accounting, promoting efficient operations, and encouraging adherence to company policies). Therefore, the best choice is E, all of the above.

An Internal Control System Is the Policies and Procedures That