Internal control is the organizational plan and related measures that:
A)encourages operational inefficiency.
B)prevents the safeguard of assets.
C)attempts to ensure accurate accounting records.
D)Eliminates errors and fraud.

Question

Quizplus · Accepted Answer

Internal control systems are designed to ensure accurate accounting records, among other objectives, such as safeguarding assets and promoting operational efficiency. They do not guarantee the elimination of errors and fraud but attempt to minimize such risks.

Internal Control Is the Organizational Plan and Related Measures That