Internal controls focus on all of the following except:
A) effectiveness of operations.
B) reliability of financial reporting.
C) compliance with applicable laws and regulations.
D) maximization of profit and cash flows.
E) efficiency of operations.

Question

Quizplus · Accepted Answer

Internal controls are designed to ensure the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations. They are not specifically aimed at maximizing profit and cash flows, which is more of a strategic business goal rather than a control objective.

Internal Controls Focus on All of the Following Except