Which is NOT an objective of an internal control system?
A)Safeguarding of assets
B)Compliance with company policies
C)Compliance with legal requirements
D)Risk assessment

Question

Quizplus · Accepted Answer

Risk assessment is not an objective of an internal control system. However, risk assessment is a necessary step in the development of an effective internal control system. The primary objectives of an internal control system are to safeguard assets, ensure compliance with company policies and legal requirements, and provide reliable financial information.

Which Is NOT an Objective of an Internal Control System