Internal control consist of policies and procedures that _____.
A) involve cost-benefit considerations
B) deal with human element of controls such as, fatigue, carelessness, etc.
C) ensure public relations
D) ensure the accuracy of business information

Question

Quizplus · Accepted Answer

Internal control is a system of policies and procedures put in place to ensure the accuracy and reliability of financial information and compliance with laws and regulations. It does not necessarily involve cost-benefit considerations, dealing with the human element of controls, or ensuring public relations. Therefore, the best choice is D - ensuring the accuracy of business information.

Internal Control Consist of Policies and Procedures That _____