Question 1 Which one of the following is not an objective of a system of internal controls? Overstate liabilities in order to be conservative. Safeguard company assets. Enhance the accuracy and reliability of accounting records. Reduce the risks of errors. Click if you would like to Show Work for this question: Open Show Work
Answer
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Option A is the answer Internal controls are the controls laid out by the management to enhance operational efficiency, safeguard assets, minimize errors and better presentation of financial statements |
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