Question

The process that a business uses to safeguard assets, provide accurate and reliable information, and promote and improve operational efficiency is known as

A) a phenomenon.
B) internal control.
C) an AIS threat.
D) a preventive control

Answer 1

Internal control is a business process focused on protecting assets, ensuring reliable information, and enhancing efficiency.

Step-by-step explanation:

The process that a business uses to safeguard assets, ensure the provision of accurate and reliable information, and contribute to operational efficiency is known as internal control. This includes a variety of policies and procedures that companies put in place to protect their assets against theft and waste, ensure that business information is accurate and reliable, and help to improve the efficiency and effectiveness of operations. Examples of internal controls include segregation of duties, authorization of transactions, and periodic reconciliation of accounts to prevent and detect errors and fraud.