A reason to establish internal control is to A. Provide reasonable assurance that the objectives of the organization are achieve

Question

3 years ago

13

A reason to establish internal control is to A. Provide reasonable assurance that the objectives of the organization are achieve

d. B. Encourage compliance with organizational objectives. C. Ensure the accuracy, reliability, and timeliness of information. D. Safeguard the resources of the organization.

Business

1 answer:

sweet [91] · Answer 1 · 2022-10-10T01:26:34+03:00

Answer: D. Safeguard the resources of the organization.

Explanation:

The functions of internal controls are

to minimize risks
to protect assets
to ensure accuracy of records
to promote operational efficiency
to encourage adherence to policies, rules, regulations, and laws.c

The reason to establish internal control is to assist safeguard an organization and its objectives.

Hence, the correct option is D.