The purpose of internal controls includes all of the following except:
A)improving efficiency.
B)producing timely accounting information.
C)minimizing errors.
D)completely eliminating fraud.

Question

Quizplus · Accepted Answer

Internal controls can never completely prevent and detect errors and fraud for two reasons.First,an organization will implement internal controls only to the extent that their benefits exceed their costs.A second limitation is that internal controls can fail as a result of human error or fraud.

The Purpose of Internal Controls Includes All of the Following