Internal control does not:
A)help safeguard the assets a business uses in its operations.
B)guarantee a company will not go bankrupt.
C)prevent and detect error and fraud.
D)promote operational efficiency.

Question

Quizplus · Accepted Answer

Internal control systems are designed to help safeguard assets, prevent and detect errors and fraud, and promote operational efficiency. However, they do not guarantee that a company will not go bankrupt, as bankruptcy can be caused by a variety of factors beyond the scope of internal controls.

Internal Control Does Not