An internal control system is the policies and procedures that managers use to:
A)Ensure reliable accounting.
B)Encourage adherence to company policies.
C)Promote efficient operations.
D)Protect assets.
E)All of these answers are correct.

Question

Quizplus · Accepted Answer

All of these answers are correct. An effective internal control system ensures reliable accounting, encourages adherence to company policies, promotes efficient operations, and protects assets.

An Internal Control System Is the Policies and Procedures That