When a company designs and implements internal controls,cost of the controls is not a valid consideration.

Question

Quizplus · Accepted Answer

The cost of internal controls is a valid consideration for a company. While effective internal controls are important for the proper functioning of a company and to ensure compliance with regulations, it is also necessary to consider the cost-benefit analysis of implementing such controls. The cost of controls should be reasonable and justifiable in relation to the potential risks and the benefits that the controls will provide.

When a Company Designs and Implements Internal Controls,cost of the Controls