Protecting Against Theft of Assets and Enhancing Accounting Information Is

question 79

Multiple Choice

Protecting against theft of assets and enhancing accounting information is the objective of:

• A)loan covenants.
• B)government regulations.
• C)internal controls.
• D)the external auditors.

---

Definitions:

Business Profits

The monetary gains made by a business after subtracting all expenses from its total revenue.

Moral Principles

Fundamental beliefs about what is right and wrong that guide ethical behavior.

Duty

Duty refers to a moral or legal obligation to perform or refrain from performing a certain action.

Virtue

is a moral excellence or commendable trait, such as honesty or kindness, that is valued as a foundation of good moral being.