Which of the following is NOT a design feature of effective internal controls?

Question

Quizplus · Accepted Answer

Ensuring the company's price advantage over competitors is not a design feature of effective internal controls. The purpose of internal controls is to ensure the accuracy and reliability of financial reporting, prevent fraud and misappropriation of assets, and ensure compliance with laws and regulations. While effective internal controls may help a company maintain a competitive advantage, this is not the primary goal or design feature of internal controls.

Which of the Following Is NOT a Design Feature of Effective