The plan of organization 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

Internal control refers to the measures that a business undertakes to safeguard its assets, provide accurate and reliable information, and promote and improve operational efficiency. These measures involve the establishment of policies, procedures, and processes that are designed to prevent and detect errors, fraud, and other abuses. Internal control is an essential component of an accounting information system (AIS) and encompasses a range of preventive and detective controls that are put in place to manage risks and ensure compliance with legal and regulatory requirements. Examples of internal control measures include segregation of duties, authorization and approval processes, physical controls, and monitoring and review procedures.

The Plan of Organization That a Business Uses to Safeguard