Which of the Following Is a Benefit Provided by Internal

question 237

Multiple Choice

Which of the following is a benefit provided by internal control?

• A) ensuring timely collection of accounts receivables
• B) ensuring that collusion will never happen
• C) ensuring that a business is profitable
• D) promoting operational efficiency

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Definitions:

Accountant-client Relationship

A professional connection between an accountant and their client, based on trust and confidentiality, to manage financial records and tax matters.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Professional Misconduct

Inappropriate or unethical behavior by a professional in their line of work, violating professional ethics or standards.

Commission of Crime

The act of carrying out or committing a criminal act.