Which of the following is not one of the operating benefits provided by a strong system of internal controls?
A) Streamlining accounting and financial information systems.
B) Improving the company's financial activities.
C) Identifying procedures that are not cost effective.
D) Isolating transactions that generate significant profits or losses.

Question

Quizplus · Accepted Answer

Isolating transactions that generate significant profits or losses is not an operating benefit provided by a strong system of internal controls. The other options, such as streamlining accounting and financial information systems, improving financial activities, and identifying non-cost-effective procedures, are all benefits of a strong internal control system.

Which of the Following Is Not One of the Operating