All of the following are goals of internal control except:
A)reducing the risk of fraud.
B)producing reliable and timely accounting information for use by people internal and external to the organization.
C)minimizing the amount of income taxes that must be paid.
D)adhering to laws and regulations.

Question

Quizplus · Accepted Answer

Internal control consists of the actions taken by people at every level of an organization to achieve its objectives.Those objectives include: operational objectives,which focus on completing work efficiently and effectively and protecting assets by reducing the risk of fraud;reporting objectives,which include producing reliable and timely accounting information for use by people internal and external to the organization;and compliance objectives,which focus on adhering to laws and regulations.

All of the Following Are Goals of Internal Control Except