An ideal control is:
A)A control procedure that reduces to practically zero the risk of an error or an irregularity taking place and not being detected
B)A control procedure that is anticipated to have the lowest possible cost in relation to its benefits
C)A control procedure that should always be implemented into a company's system due to the efficiency and effectiveness that will result from its implementation
D)A control procedure that is always cost effective

Question

Quizplus · Accepted Answer

An ideal control should aim to reduce the risk of errors or irregularities taking place and not being detected. This ensures that the control is effective in achieving its objective of preventing or detecting errors. While cost-effectiveness is also important, it should not be the primary consideration when selecting controls. Therefore, option B, C, and D can be eliminated.

An Ideal Control Is