The two main objectivof internal controls are:
A) to support the automated parts of the business in the functioning of the controls in place.
B) to prevent or detect misstatements in the financial statements.
C) both a and b.
D) none of the above.

Question

Quizplus · Accepted Answer

The two main objectives of internal controls are to support the automated parts of the business in the functioning of the controls in place and to prevent or detect misstatements in the financial statements. Therefore, both options A and B are correct, making option C the best choice. Option D is incorrect as there are clear objectives of internal controls in place.

The Two Main Objectivof Internal Controls Are