1. Internal control is not defined as the procedures and processes used by a company to a. safeguard its assets. b. process information accurately. c. ensure compliance with laws and regulations, d. ensure increasing sales. is to maintain public confidence and trust in the financial reporting of companies. 2. The purpose of the a. Sherman Antitrust Act b. Sarbanes-Oxley Act c. Accounting Reformation Act d. Internal Control Act of 2002