Question

Which of the following are correct regarding why management uses internal controls? (Check all that apply.) Multiple select question. uphold company policies. promote efficient operations. reduce vendor payables. increase revenues. protect assets. ensure reliable accounting.

Answer 1

The options that explain why management uses internal controls are:

• Uphold company policies.

• Protect assets.

• Promote efficient operations.

• Ensure reliable accounting.

What are Internal Controls?

Internal controls refer to those measures that are put in place by the organization to allow for conformance with the organizational objectives.

When internal controls are put in place, the vision of the company will be achieved because the employees adhere to the policies of the organization.

Learn more about Internal Controls here:

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