A strong internal control structure:
A)Contributes to the accuracy and verifiability of the accounting records.
B)Will prevent a business from operating at a loss.
C)Assures that a business will remain solvent.
D)Will prevent fraud,theft,and embezzlement.

Question

Quizplus · Accepted Answer

A strong internal control structure contributes to the accuracy and verifiability of the accounting records by providing policies and procedures to ensure that transactions are recorded properly and completely. It does not necessarily prevent a business from operating at a loss, assure that a business will remain solvent, or prevent fraud, theft, and embezzlement, although it can help to reduce the risk of these issues.

A Strong Internal Control Structure