The two main objectives of internal controls are:
A) to support the automated parts of the business in the functioning of the controls in place.
B) to prevent or detect misstatements in the financial statements.
C) both a and b
D) none of the above.

Question

Quizplus · Accepted Answer

The two main objectives of internal controls are to ensure the accuracy and reliability of financial reporting and to prevent or detect misstatements in the financial statements.

The Two Main Objectives of Internal Controls Are