""If everyone were honest, there would be no need for internal controls to safeguard cash." Do you agree? Explain.

A. Yes. If a company has no dishonest employees, it is unnecessary to use internal controls to safeguard cash.

B. Yes. If dishonest employees didn't exist, there would be no need for internal controls. Implementing internal controls to safeguard cash is too costly and not worth it.

C. No. Although internal controls do guard against dishonest actions, they also help ensure accurate accounting records. Good controls can help uncover honest accounting errors as well as dishonest actions.

D. No. Internal controls to safeguard cash only ensures accurate accounting records. Good controls can help uncover honest accounting errors