Managers place a high priority on internal control systems because the systems assist managers in all of the following except:
A)Promoting efficient operations.
B)Protecting assets.
C)Urging adherence to company policies.
D)Ensuring reliable accounting.
E)Assuring that no loss will occur.

Question

Quizplus · Accepted Answer

While internal control systems can help reduce the risk of loss, they cannot assure that no loss will occur as there is always a possibility for human error or unexpected events. The main priorities for internal control systems are promoting efficient operations, protecting assets, urging adherence to company policies, and ensuring reliable accounting.

Managers Place a High Priority on Internal Control Systems Because