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Homework answers / question archive / A company's internal control system: A
A company's internal control system:
A. Eliminates the company's risk of loss.
B. Monitors company and employee performance.
C. Eliminates human error.
D. Eliminates the need for audits.
E. Eliminates the need for managers' certification of controls.
The correct answer is B. Monitors company and employee performance.
Internal control system would monitor the company and employee performance because it ensures that the organization and its employees are following the rules and procedures that were implemented for the safety of assets, prevention of fraud, and for compliance.
