Internal controls are concerned with all of the following except A)computerized systems of accounting. B)effective and efficient operations. C)ensuring reliable financial reporting. D)compliance with relevant laws and regulations.

Question

Quizplus · Accepted Answer

Internal controls are primarily concerned with ensuring effective and efficient operations, reliable financial reporting, and compliance with relevant laws and regulations. While computerized systems of accounting are tools that can be used within an internal control framework, internal controls themselves are broader and encompass more than just the computerized systems.

Internal Controls Are Concerned with All of the Following except