Which of the following is not an aim of internal controls?
A、To enable the organisation to respond appropriately to business, operational and financial risks
B、To eliminate the possibility of impacts from poor judgement and human error
C、To help ensure the quality of internal and external reporting
D、To help ensure compliance with applicable laws and regulations
A、To enable the organisation to respond appropriately to business, operational and financial risks
B、To eliminate the possibility of impacts from poor judgement and human error
C、To help ensure the quality of internal and external reporting
D、To help ensure compliance with applicable laws and regulations
【参考答案及解析】
Rationale: Options A, C and D were identified as aims of internal controls in the Turnbull report.However, the report also states that even a sound system of internal control reduces, but does not eliminate, the possibilities of poorly judged decisions, human error, deliberate circumvention of controls and unforeseeable circumstances. Systems only provide reasonable (not absolute) assurance.Ways in:丨f you had to guess, you could probably see that option B is an exaggerated claim. Look out for options that say'always' or 'never' or 'total', in a similar vein: these are much more likely to be untrue than true, in the complex world of business…
Rationale: Options A, C and D were identified as aims of internal controls in the Turnbull report.However, the report also states that even a sound system of internal control reduces, but does not eliminate, the possibilities of poorly judged decisions, human error, deliberate circumvention of controls and unforeseeable circumstances. Systems only provide reasonable (not absolute) assurance.Ways in:丨f you had to guess, you could probably see that option B is an exaggerated claim. Look out for options that say'always' or 'never' or 'total', in a similar vein: these are much more likely to be untrue than true, in the complex world of business…