Which of the following is not one of the policies and procedures that make up an internal control system? A

Business Feb 02, 2021

Which of the following is not one of the policies and procedures that make up an internal control system?

A. Protect assets.

B. Ensure reliable accounting.

C. Guarantee a return to investors.

D. Urge adherence to company policies.

E. Promote efficient operations.

Expert Solution

Answer choice: C. Guarantee a return to investors.

Explanation:

Assuring a return to investors is not one of the policies and procedures that make up an internal control system. An internal control system is put into to reduce the likelihood that fraud would occur and take away opportunities. An internal control system helps ensure that the financial statements are faithfully represented.

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