Answered: Internal control is designed to…

Business

Accounting

Internal control is designed to provide: : A Certainty. B Freedom from fraud. C Reasonable assurance. D Truth.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter3: Internal Control Issues

Section3.6: Buranello’s Ristorante

Problem 1Q

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Concept explainers

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.

Question

Internal control is designed to provide:

A	Certainty.
B	Freedom from fraud.
C	Reasonable assurance.
D	Truth.

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