Which of the following is not stated as a primary objective of a company's internal control policies and procedures?
A)The proper recording and authorization of transactions.
B)The maintenance of adequate records.
C)The prevention or detection of unauthorized activities involving a company's records.
D)The provision of current information for outside investors and analysts.

Question

Quizplus · Accepted Answer

Providing current information for outside investors and analysts is not a primary objective of a company's internal control policies and procedures. The primary objectives of internal controls are related to ensuring the accuracy and reliability of financial reporting, safeguarding assets, and ensuring compliance with laws and regulations. Providing information to outside parties may be a result of effective internal control measures but it is not a primary objective.

Which of the Following Is Not Stated as a Primary