Internal control is designed to provide:
A)Certainty.
B)Freedom from fraud.
C)Reasonable assurance.
D)Truth.

Question

Quizplus · Accepted Answer

Internal control is not designed to provide certainty or truth, as even with strong internal controls there is still some risk of error or fraud. While internal control can help prevent fraud, it cannot completely eliminate the risk. Therefore, the best answer is C, which is that internal control is designed to provide reasonable assurance that the organization's objectives will be achieved.

Internal Control Is Designed to Provide