Which of the following is a benefit provided by internal control?
A) ensuring timely collection of accounts receivables
B) ensuring that collusion will never happen
C) ensuring that a business is profitable
D) promoting operational efficiency

Question

Quizplus · Accepted Answer

Internal control promotes operational efficiency by streamlining processes and reducing the chances of errors or fraud. It does not directly ensure the timely collection of accounts receivables or profitability, and it cannot completely eliminate the possibility of collusion.

Which of the Following Is a Benefit Provided by Internal