The objectives of internal control are to

Question

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The objectives of internal control are primarily focused on ensuring that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with. While internal control may also help prevent fraud and promote the social interest of the company, these are secondary objectives. Controlling the internal organization of the accounting department personnel and equipment, providing control over "internal-use only" reports, and employee internal conduct may be part of internal control, but are not primary objectives.

The Objectives of Internal Control Are to