A company is more likely to implement internal controls if they view the cost of the controls to be less than the benefits provided.

Question

Quizplus · Accepted Answer

This statement is generally true as companies would want to ensure that the costs of implementing a control are outweighed by the benefits it provides. However, there may be instances where companies may implement controls despite the costs being higher than the expected benefits, such as for compliance or regulatory reasons.

A Company Is More Likely to Implement Internal Controls If