multiple choice question what is the purpose of internal controls? multiple choice question. as a basis of employee performance reviews to reduce outstanding customer balances to protect assets and ensure reliable accounting to guarantee that loss is eliminated

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26-10-2022
Business

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multiple choice question what is the purpose of internal controls? multiple choice question. as a basis of employee performance reviews to reduce outstanding customer balances to protect assets and ensure reliable accounting to guarantee that loss is eliminated

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ahmadfardeen571 ahmadfardeen571 · Answer 1 · 2022-10-29T02:14:48-04:00

The purpose of internal controls is to protect assets and ensure reliable accounting. Thus the correct option is D.

Internal controls are supposed to save you mistakes and irregularities, identify issues and make certain that corrective action is taken.

Internal controls are designed to keep employees from committing fraud towards the corporation.

Strong inner management techniques for coping with bills receivable are essential to enhancing coins float, making sure of the reliability of financial statistics and combating the chance of fraud, blunders, and loss of property.

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