The objectives of internal control are to
A) control the internal organization of the accounting department personnel and equipment
B) provide reasonable assurance that assets are safeguarded and used for business purposes, business information is accurate, and laws and regulations are complied with
C) prevent fraud, and promote the social interest of the company
D) provide control over "internal-use only" reports and employee internal conduct

Question

Quizplus · Accepted Answer

The objectives of internal control are to provide reasonable assurance that assets are safeguarded and used for business purposes, business information is accurate, and laws and regulations are complied with. Internal control is not solely focused on controlling personnel, preventing fraud, or controlling internal-use only reports and employee conduct.

The Objectives of Internal Control Are to