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

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 primarily focus on ensuring the accuracy of financial reporting and safeguarding company assets, rather than guaranteeing returns to investors.

Which of the Following Is Not One of the Policies