A company's plans to minimize theft and enhance the accuracy of accounting information are referred to as:
A)Corporate controls.
B)Security controls.
C)Internal controls.

Question

Quizplus · Accepted Answer

Internal controls refer to a company's policies and procedures that are designed to ensure the accuracy and reliability of its accounting information, as well as to prevent fraud and theft. Security controls are a subset of internal controls that specifically focus on protecting the company's assets, both physical and digital, from theft or unauthorized access. While corporate controls may encompass both internal and security controls, internal controls are the most relevant choice for the given scenario.

A Company's Plans to Minimize Theft and Enhance the Accuracy