The objectives of internal control are to:
a.prevent fraud, and promote the social interest of the company
b.provide control over "internal-use only" reports and employee internal conduct
c.provide reasonable assurance that assets are safeguarded and used for business purposes, business information is accurate, and laws and regulations are complied with
d.control the internal organization of the accounting department personnel and equipment

Respuesta :

Answer:

c.provide reasonable assurance that assets are safeguarded and used for business purposes, business information is accurate, and laws and regulations are complied with.

Explanation:

Internal controls are the controls designed to regulate the business so that the chances of any fraud or error are minor.

Internal controls when properly designed helps the company move in proper direction of achieving goals without having a stress of fraud or any misconduct.

It assures for proper accounting the transactions, regulations being complied with, and that the assets are used for business purpose only, and that too without any wastage or harm to the assets with due care.