Internal controls normally include procedures designed to provide reasonable assurance that:
A)employees act with integrity when performing their assigned tasks.
B)transactions are executed in accordance with management's authorization.
C)decision processes leading to management's authorization of transactions are sound.
D)collusive activities would be detected by segregation of employee duties.

Question

Quizplus · Accepted Answer

Internal controls are designed to ensure that transactions are executed in accordance with management's authorization, which helps in maintaining the integrity and accuracy of financial reporting.

Internal Controls Normally Include Procedures Designed to Provide Reasonable Assurance