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)Upholding 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 losses, they cannot completely assure that no loss will ever occur. The focus of internal control systems is on promoting efficiency, protecting assets, upholding company policies, and ensuring reliable accounting.

Managers Place a High Priority on Internal Control Systems Because