Internal controls to safeguard assets means the company must safeguard assets against all EXCEPT:
A)waste.
B)inefficiency.
C)audits.
D)fraud.

Question

Quizplus · Accepted Answer

Internal controls are designed to safeguard assets against waste, inefficiency, and fraud, but they do not protect against audits. Audits, however, may uncover weaknesses in internal controls and identify areas for improvement.

Internal Controls to Safeguard Assets Means the Company Must Safeguard