Accounting · Internal Control Systems
Which of the following best describes the primary objective of an internal control system within an organization?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To directly increase sales revenue and market share
- 2To guarantee absolute profitability and financial success for shareholders
- 3To ensure orderly and efficient operations, safeguard assets, provide reliable reporting, and ensure legal compliance✓
- 4To completely eliminate all forms of human error and operational fraud
Correct answer
To ensure orderly and efficient operations, safeguard assets, provide reliable reporting, and ensure legal compliance
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