Which One of the Following Is not an Objective of a System

question 38

Multiple Choice

Which one of the following is not an objective of a system of internal controls?

• A)Safeguard company assets.
• B)Enhance the accuracy and reliability of accounting records.
• C)Fairness of the financial statements.
• D)Reduce the risks of errors.

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Definitions:

Wave of Optimism

A period characterized by heightened confidence and positive expectations among consumers or investors.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, including regulating banks, managing the country's money supply, and aiming to ensure economic stability.

Money Holdings

The total sum of cash and liquid assets that are held by individuals or businesses at any given time.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing financial services.