Internal controls are concerned with:
A)only manual systems of accounting.
B)the extent of government regulations.
C)protecting against theft of assets and enhancing the reliability of accounting information.
D)preparing income tax returns.

Question

Quizplus · Accepted Answer

Internal controls are put in place to protect assets from theft, fraud or misuse and to ensure that accounting information is reliable. It is not limited to manual systems of accounting or government regulations. Internal controls are not primarily concerned with preparing income tax returns.

Internal Controls Are Concerned With