Which of the Following Statements Is Not True Regarding Internal

Multiple Choice

Which of the following statements is not true regarding internal control procedures?

A) Internal control procedures are designed to ensure reliable financial reports.
B) Internal control procedures are designed to safeguards company assets.
C) Internal control procedures direct operations toward common goals.
D) Internal control procedures include methods to achieve compliance with laws and regulation.
E) Internal control procedures are not affected by the cost-benefit principle.