The process that a business uses to safeguard assets,provide accurate and reliable information,and promote and improve operational efficiency is known as
A) a phenomenon.
B) internal control.
C) an AIS threat.
D) a preventive control.

Question

Quizplus · Accepted Answer

The process described in the question is that of internal control, which is a system of policies, procedures, and processes implemented by an organization to ensure the achievement of its objectives. Internal control helps to safeguard assets, ensure the accuracy and reliability of financial reporting, and promote operational efficiency. The other choices, such as a phenomenon, AIS threat, or preventive control, are not accurate descriptions of the process described in the question.

The Process That a Business Uses to Safeguard Assets,provide Accurate