Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 32 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text Which one of the following is not an objective of a

Question 32
Not yet answered
Marked out of 1.00
Not flaggedFlag question
Question text
Which one of the following is not an objective of a system of internal controls?
Select one:
a. The answer does not exist
b. Overstate liabilities in order to be conservative
c. Reduce the risks of errors
d. Enhance the accuracy and reliability of accounting records
e. Safeguard company assets

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting The Basis For Business Decisions

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

19th Edition

1260247937, 978-1260247930

More Books

Students also viewed these Accounting questions

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago

Question

What are the functions of top management?

Answered: 1 week ago

Question

Bring out the limitations of planning.

Answered: 1 week ago