Which of the following is not one of the policies and procedures that make up an internal control system?
A) Guarantee a return to investors.
B) Promote efficient operations.
C) Urge adherence to company policies.
D) Protect assets.
E) Ensure reliable accounting.

Question

Quizplus · Accepted Answer

Guaranteeing a return to investors is not a policy or procedure that makes up an internal control system. Internal control systems are designed to ensure reliable financial reporting, promote efficient operations, protect assets, and urge adherence to company policies. However, guaranteeing a return to investors is related to the company's financial performance and is not governed by internal control policies and procedures.

Which of the Following Is Not One of the Policies