To minimise the possible negative impact brought about by unexpected transactions,an organisation should:
A)Ask designers of a control system to predict every possible outcome and every future event.
B)Place a strong emphasis on ethical and responsible behaviour.
C)Ask external auditors to audit their internal control system.
D)Refuse carrying out unexpected transactions.

Question

Quizplus · Accepted Answer

While it is impossible to predict every possible outcome and event, promoting and placing a strong emphasis on ethical and responsible behaviour can help minimise the negative impacts of unexpected transactions. This can include comprehensive training for employees on ethical decision-making, implementing a code of conduct, and creating a culture that values transparency and accountability. Asking external auditors to audit the internal control system can also provide additional checks and balances, but it should not be the sole method of preventing negative impacts. Refusing to carry out unexpected transactions may not always be feasible or practical in a dynamic business environment.

To Minimise the Possible Negative Impact Brought About by Unexpected