Managers place a high priority on internal control systems because the systems assist managers in the:
A) Prevention of avoidable losses.
B) Planning of operations.
C) Monitoring of company performance.
D) Monitoring of employee performance.
E) All of these answers are correct.

Question

Quizplus · Accepted Answer

Internal control systems are designed to address all the choices mentioned, including the prevention of avoidable losses, planning of operations, monitoring of company performance, and monitoring of employee performance. A well-designed internal control system helps managers ensure that company resources are used efficiently, effectively, and in compliance with applicable laws and regulations. Therefore, all the choices A to D are correct and fall under the umbrella of internal control systems.

Managers Place a High Priority on Internal Control Systems Because