A good internal control system does which of the following?
A)Guarantees the efficiency and effectiveness of operations
B)Reduces the risk of undetected errors
C)Provides absolute assurance that no errors will occur
D)Guarantees that fraud will be prevented

Question

Quizplus · Accepted Answer

A good internal control system can never provide absolute assurance that no errors will occur or guarantee that fraud will be prevented. However, it can significantly reduce the risk of undetected errors and fraud, which can help enhance the efficiency and effectiveness of operations. Therefore, the best choice is B.

A Good Internal Control System Does Which of the Following