Internal control helps an organization achieve all of the following EXCEPT
A) reliable financial reporting.
B) compliance with relevant laws and regulations.
C) absolute assurance that fraud will not occur.
D) effective and efficient operations.

Question

Quizplus · Accepted Answer

Internal control systems are designed to mitigate risks to a reasonable level, but they cannot provide absolute assurance that fraud will not occur due to limitations such as human error or potential collusion.

Internal Control Helps an Organization Achieve All of the Following