An internal control system consists of the policies and procedures managers use to do all of the following except:
A) Urge adherence to company policies.
B) Promote efficient operations.
C) Ensure reliable accounting.
D) Determine pricing for products.
E) Protect assets.

Question

Quizplus · Accepted Answer

Internal control systems are designed to promote efficient operations, encourage adherence to company policies, ensure reliable accounting, protect assets, and ensure compliance with laws and regulations. However, they do not involve determining pricing for products, which is typically the responsibility of marketing and pricing departments.

An Internal Control System Consists of the Policies and Procedures