Business Studies · Internal Control System
What is the primary purpose of an organization's internal control system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To guarantee the elimination of all fraud and error
- 2To provide a true and fair view of the financial statements
- 3To provide reasonable assurance that the organization's objectives will be achieved✓
- 4To ensure that all transactions are processed correctly
Correct answer
To provide reasonable assurance that the organization's objectives will be achieved
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