All of the following are purposes of internal control except to:
A) safeguard assets.
B) promote operational inefficiency.
C) prevent and detect error and fraud.
D) ensure accurate and reliable accounting records.
Correct Answer:
Verified
Q15: Internal control is the organizational plan and
Q16: Internal control does not:
A)help safeguard the assets
Q17: The sole purpose of systems of internal
Q18: The controller is responsible for cash management
Q19: Separation of authorization of transactions from custody
Q21: All of the following are parts of
Q22: Cashiers and mail room employees who handle
Q23: Paying top salaries to attract top-quality employees
Q24: In a large company, the treasurer is
Q25: Persons who authorize transactions should not handle
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents