Multiple Choice
Which of the following is not a reason that a business needs an effective internal control system?
A) Ensure that work is completed efficiently and effectively.
B) Produce reliable and timely accounting information for use by people external to the organization.
C) Protect assets by reducing the risk of fraud.
D) Identify ways to circumvent applicable laws and regulations.
Correct Answer:

Verified
Correct Answer:
Verified
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Q3: When duties are properly segregated,the accounting department
Q4: A cash register does not:<br>A)restrict access to
Q5: The petty cash fund was used to
Q6: Which of the following is deducted from
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Q9: What journal entry must be prepared when
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Q12: Internal control consists of the actions taken