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

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter1: Quality Auditing: Why It Matters

Section: Chapter Questions

Problem 4CYBK

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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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