An internal control system is the policies and procedures that managers use to:
A) Protect assets.
B) Ensure reliable accounting.
C) Promote efficient operations.
D) Encourage adherence to company policies.
E) All of these answers are correct.

Question

Quizplus · Accepted Answer

An internal control system serves all of the purposes listed, including protecting assets, ensuring reliable accounting, promoting efficient operations, and encouraging adherence to company policies. Therefore, option E is the correct answer.

An Internal Control System Is the Policies and Procedures That