Which one of the following is not an objective of a system of internal controls?Select one:1. Overstate liabilities in order to be conservative2.Enhance the accuracy and reliability of accounting records3. Safeguard company assets4. Reduce the risks of errors

Internal controls are the mechanisms, rules, and procedures implemented by a company to ensure the…

Which one of the following is not an objective of a system of internal controls? Select one: 1. Overstate liabilities in order to be conservative O. 2. Enhance the accuracy and reliability of accounting records 3. Safeguard company assets 4. Reduce the risks of errors

Which one of the following is not an objective of a system of internal controls? Select one: 1. Overstate liabilities in order to be conservative O. 2. Enhance the accuracy and reliability of accounting records 3. Safeguard company assets 4. Reduce the risks of errors

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 4MC: Which of the following is not considered to be part of the internal control structure of a company?...

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Which one of the following is not an objective of a system of internal controls?
Select one:
1. Overstate liabilities in order to be conservative
2.
Enhance the accuracy and reliability of accounting records
3. Safeguard company assets
4. Reduce the risks of errors

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