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What is the main purpose of internal control in an organization?
  • a)
    To increase external audit scrutiny.
  • b)
    To hinder the management's decision-making process.
  • c)
    To establish efficient and orderly business operations.
  • d)
    To eliminate the need for financial reporting.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the main purpose of internal control in an organization?a)To i...
Internal control in an organization is established to ensure efficient and orderly conduct of business operations. It helps safeguard assets, maintain reliable accounting records, and ensure that management policies and decisions are properly implemented.
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What is the main purpose of internal control in an organization?a)To increase external audit scrutiny.b)To hinder the management's decision-making process.c)To establish efficient and orderly business operations.d)To eliminate the need for financial reporting.Correct answer is option 'C'. Can you explain this answer?
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