Which of the Following Is NOT a Design Feature of Effective

question 4

Multiple Choice

Which of the following is NOT a design feature of effective internal controls?

• A)Allow greater reliance by investors on reported financial statements.
• B)Prevent fraudulent or errant financial reporting.
• C)Ensure the company's price advantage over competitors.
• D)Prevent misuse of company funds by employees.

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Definitions:

National Government

The governing body that exercises control over an entire country, rather than regional or state authorities.

National Government

The government or political authority that governs a nation, typically responsible for creating and enforcing laws, defense, and foreign policy.

State Government

The government of an individual state within the United States, which operates independently in managing local affairs and responsibilities.

Supreme Court

The highest federal court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional law.