Internal control procedures do not include:
A)Procedures to ensure reliable financial reports.
B)Safeguards to protect company assets.
C)Methods to achieve compliance with laws and regulation.
D)Procedures to guarantee against fraud.
E)Policies to direct operations toward common goals.

Question

Quizplus · Accepted Answer

Internal control procedures aim to reduce the risk of fraud but cannot guarantee against it.

Internal Control Procedures Do Not Include