The Main Purposes of Internal Controls Do Not Include

question 134

Multiple Choice

The main purposes of internal controls do not include:

• A)prevention of error,theft,and fraud.
• B)promotion of operational efficiency.
• C)ensuring compliance with laws and regulations.
• D)providing more favorable financial information.

Interpret the concept of free cash flow and its importance to a firm's financial strategy.

Grasp the basics of cash flows to stakeholders including shareholders and creditors.

Understand the principles of liquidity and how it impacts a firm's financial flexibility.

Comprehend the short-term financial obligations of a firm as indicated by current liabilities.