The main objective(s) of internal accounting controls is/are:
A)To increase customer satisfaction.
B)To increase revenue.
C)To prevent or detect errors and fraudulent acts.
D)To facilitate new product lines.
E)To increase employee morale.

Question

Quizplus · Accepted Answer

The main objective of internal accounting controls is to prevent or detect errors and fraudulent acts. While customer satisfaction, revenue, product line expansion, and employee morale are all important factors for a successful business, they are not the primary objectives of internal accounting controls. These controls are put in place to ensure the accuracy and reliability of financial information, as well as to safeguard assets and prevent fraud.

The Main Objective(s) of Internal Accounting Controls Is/are