Internal control is a process designed to achieve objectives in which one of the following categories?
A)reliability of financial reporting
B)compliance with applicable laws
C)ineffectiveness of operations
D)both A and B

Question

Quizplus · Accepted Answer

Internal control is a process designed to achieve objectives in the categories of reliability of financial reporting and compliance with applicable laws. Ineffective operations are not a category of internal control objectives. Therefore, the correct answer is D, which includes both A and B.

Internal Control Is a Process Designed to Achieve Objectives in Which