Which one of the following is not a primary component of an internal control system?
A)control activities
B)delay payment of liabilities
C)risk assessment
D)control environment

Question

Quizplus · Accepted Answer

Delay payment of liabilities is not a primary component of an internal control system. Internal control systems focus on ensuring accuracy and reliability in financial reporting, compliance with laws and regulations, and effectiveness and efficiency of operations, not on delaying financial obligations.

Which One of the Following Is Not a Primary Component