Which of the following statements about internal control is correct?
A)It promotes efficient and effective operations.
B)It eliminates the theft of assets.
C)It results in completely reliable accounting information.
D)It guarantees that management will behave ethically.

Question

Quizplus · Accepted Answer

Internal control includes actions taken to promote efficient and effective operations,protect assets,enhance accounting information,and adhere to laws and regulations.Internal control doesn't eliminate fraud or any other unethical behavior.

Which of the Following Statements About Internal Control Is Correct