The use of internal controls gives guaranteed protection against losses due to operating activities.

Name: The use of internal controls gives guaranteed protection against losses due to operating activities.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

While internal controls can certainly help prevent losses due to errors or fraud, they cannot guarantee 100% protection against all risks and losses. There is always some degree of risk involved in operating activities, and internal controls can only mitigate those risks to a certain extent.

The Use of Internal Controls Gives Guaranteed Protection Against Losses