Saturday, October 10, 2020

Which of the following is NOT a design feature of effective internal controls?

Which of the following is NOT a design feature of effective internal controls?


A) Allow greater reliance by investors on reported financial statements.

B) Prevent fraudulent or errant financial reporting.

C) Ensure the company's price advantage over competitors.

D) Prevent misuse of company funds by employees.


Answer: Ensure the company's price advantage over competitors.

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