Internal controls are designed to help and protect all of the following groups of people, EXCEPT

Question

Quizplus · Accepted Answer

Internal controls are designed to help and protect creditors, management, and investors by ensuring that financial information is accurate and reliable. However, they are not designed to protect tax collectors. In fact, some internal controls, such as tax planning or tax shelters, may be used to reduce tax liabilities.

Internal Controls Are Designed to Help and Protect All of the Following