Which ONE of the following is the BEST description of "internal controls"?

Group of answer choices

Policies and procedures implemented by a business that are designed to reduce the number of adjusting entries made by a company each year.

Policies and procedures implemented by a business that are designed to safeguard assets and ensure accurate accounting records.

Policies and procedures implemented by a business that are designed to minimize fluctuations in the internal par value of capital stock.

Policies and procedures implemented by a business that are designed to prevent the purchase of property, plant, and equipment on credit.