Which of the following is the most important requirement of internal control?
A)effectiveness and efficiency of operations
B)reliability of financial reporting
C)compliance with applicable laws and regulations
D)systems and procedures that help to manage risk and achieve objectives

Question

Quizplus · Accepted Answer

The most important requirement of internal control is to have systems and procedures that help manage risk and achieve objectives, as these encompass the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations.

Which of the Following Is the Most Important Requirement of Internal