It is never efficient to rely on the internal controls of an organization.

Question

Quizplus · Accepted Answer

While it is true that internal controls can have weaknesses and may not catch every instance of fraud, relying on them can still be an efficient way to reduce the likelihood of fraudulent activity and ensure the accuracy and reliability of financial information. Effective internal controls can provide a framework for preventing fraudulent behavior and detecting it when it occurs, which can ultimately save an organization time and money in the long run.

It Is Never Efficient to Rely on the Internal Controls