Which of the following would be least likely to be considered a benefit of effective internal control?
A) Eliminating all employee fraud.
B) Restricting access to assets.
C) Detecting ineffectiveness.
D) Ensuring authorization of transactions.

Question

Quizplus · Accepted Answer

While eliminating all employee fraud may sound like a benefit of effective internal control, it is not a realistic expectation. Effective internal control can reduce the likelihood of fraud, but it cannot completely eliminate it. Therefore, this option is the least likely benefit of effective internal control. The other options (B, C, and D) are all valid benefits of effective internal control.

Which of the Following Would Be Least Likely to Be