A primary purpose of internal controls is to:
A)form a basis for evaluating employees.
B)monitor production quality.
C)avoid clerical errors.
D)meet objectives of maintaining sound documents and records and accurate financial reporting.

Question

Quizplus · Accepted Answer

The primary purpose of internal controls is to meet objectives of maintaining sound documents and records and accurate financial reporting. Internal controls are designed to ensure the reliability of financial reporting, compliance with laws and regulations, and the effective and efficient use of resources. While internal controls may help evaluate employee performance and avoid clerical errors, these are not their primary purpose.

A Primary Purpose of Internal Controls Is To