An internal control system consists of the policies and procedures used to accomplish all of the following except:
A)Protect assets.
B)Ensure reliable accounting.
C)Guarantee a return to investors.
D)Urge adherence to company policies.
E)Promote efficient operations.

Question

Quizplus · Accepted Answer

Internal control systems are designed to safeguard assets, promote reliable accounting, encourage adherence to company policies, and promote efficient operations. However, guaranteeing a return to investors is not a primary objective of an internal control system.

An Internal Control System Consists of the Policies and Procedures