Which of the following is an incorrect statement related to internal controls? 

a). Unannounced physical counts should be conducted to verify the presence of company-owned equipment. 

b). Businesses should prepare an authority manual that guides both specific and general authorizations.

c). Employees should be properly trained to perform their jobs. 

d). A good system of internal controls is designed to eliminate errors and fraud.

Answer rating: 100% (QA)

option 4 is correct A good system of internal controls i... View the full answer