This Question 1 pt 1 of 44 0 complete Internal control is a

This Question: 1 pt 1 of 44 (0 complete) Internal control is a comprehensive system that helps an organization do all of the following EXCEPT: O A. safeguard liabilities O B. safeguard assets. O c. ensure compliance with applicable laws and regulations D. operate efficiently and effectively Click to select your answer View All Assignments

Solution

The Answer is “A. Safeguard Liabilities”

The term Internal Control means all the plans and procedures adopted by the management, Board of Directors and those charged with governance to provide a reasonable assurance that the organization has achieved the following listed objectives;

- Compliance with the all applicable laws and regulations

- Effective and efficient operations of the organization

- To safeguard the assets of the organization