Which of the following is NOT a benefit to be derived from an efficient system of internal control?
A) Assets are protected against damage or loss.
B) Defalcations are completely eliminated.
C) The conduct of the business is more orderly.
D) Errors are identified and corrected on a timely basis.

Question

Quizplus · Accepted Answer

While an efficient system of internal control can significantly reduce the likelihood and impact of defalcations (i.e., embezzlement), it cannot completely eliminate the risk. Therefore, option B is not a benefit that can be derived from an efficient system of internal control.

Which of the Following Is NOT a Benefit to Be