Which of the following best describes the goal of internal controls?

Question

Quizplus · Accepted Answer

The goal of internal controls is to improve the accuracy and reliability of financial information. This is achieved by establishing policies and procedures that ensure financial transactions are recorded accurately and in a timely manner, transactions are properly authorized, and assets are safeguarded. While profitability, employee health, and tax compliance are important considerations for a business, they are not the primary focus of internal controls.

Which of the Following Best Describes the Goal of Internal