The objectives of internal control are to
A) control the internal organization of the accounting department personnel and equipment
B) provide reasonable assurance that operations are managed to achieve goals, financial reports are 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 operations are managed to achieve goals, financial reports are accurate, and laws and regulations are complied with. While internal organization, prevention of fraud, and control over internal-use reports and employee conduct are important aspects of internal control, they are not the primary objectives.

The Objectives of Internal Control Are to