question archive Managers place a high priority on internal control systems because the systems assist managers in all of the following except: a
Managers place a high priority on internal control systems because the systems assist managers in all of the following except: a
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Managers place a high priority on internal control systems because the systems assist managers in all of the following except:
a. Promoting efficient operations.
b. Protecting assets.
c. Upholding company policies.
d. Ensuring reliable accounting.
e. Assuring that no loss will occur.
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The answer is e. Assuring that no loss will occur.
Internal control will help managers in advancing operational efficiency, and indirectly ensure an improve in business performance. However, internal control policies will not be able to guarantee a prevention to losses associated with core business activities. In fact, it can protect business from avoidable losses, but not all potential losses.
