Question

An internal control consists of the policies and procedures managers use to

Answer 1

Internal control is all of the policies and procedures management uses to achieve the following goals. Promote efficient and effective operations - Internal controls provide an environment in which managers and staff can maximize the efficiency and effectiveness of their operations.

Answer 2

Explanation:

Internal control has four basic purposes: safeguarding assets, ensuring financial statement reliability, promoting operational efficiency, and encouraging compliance with management's directives.