Question content area top

Part $1$

Internal controls are designed to safeguard$$ assets, encourage employees to follow company$$ policies, promote operational$$ efficiency, and ensure accurate accounting records.

Requirements

$1.$

Which objective do you think is most$$ important?

$2.$

Which objective do you think must the internal controls accomplish for the business to$$ survive? Give your reason.

Question content area bottom

Part $1$

Requirement $1.$ Which objective do you think is most$$ important?

$$

Encouraging employees to follow company policies

Ensuring accurate records

Promoting operational efficiency

Safeguarding assets

is most important.

Part $2$

Requirement $2.$ Which objective do you think must the internal controls accomplish for the business to$$ survive? Give your reason.

Businesses need to

$$

encourage employees to follow policies

ensure accurate accounting records

promote operational efficiency

safeguard assets

to survive. If this is not done

$$

accounting records may not be accurate

assets may slip away which is ultimately throwing away resources

employees will have no direction

the business will be inefficient

$.$