Which one of the following is not an objective of a system of internal controls? A)Safeguard company assets. B)Enhance the accuracy and reliability of accounting records. C)Fairness of the financial statements. D)Reduce the risks of errors.

Question

Quizplus · Accepted Answer

The fairness of the financial statements is not an objective of internal controls; it is more related to the role of external audits and financial reporting standards. Internal controls focus on safeguarding assets, ensuring accurate records, and reducing errors.

Which One of the Following Is not an Objective of a System