Final answer:
Involving employees in control self-assessment is beneficial because it motivates them to perform their duties more effectively and it provides managers with valuable feedback from the employee's perspective. The correct answer to the question on the reasons for their involvement is D: (1) and (4).
Step-by-step explanation:
Reasons for Involving Employees in Control Self-Assessment
Control self-assessment is a valuable process within organizations for several reasons. Firstly, by involving employees in assessing the control mechanisms and identifying improvement opportunities, we cater to enhancing employee motivation. This involvement motivates employees as they feel part of the system and responsible for its effectiveness, which can lead to them putting in more effort to perform their jobs correctly. While the objectivity of employees (option 2) may not always be assured, involving them in the process encourages them to take a more proactive approach to their work and the safety nets that protect the organization's assets and reputation.
Furthermore, managers seek this internal feedback (option 4) to obtain a frontline perspective on how control processes operate in practice. This feedback is essential for continuous improvement and can help managers make better-informed decisions that affect the whole organization. Although employees may not always provide an independent assessment of internal controls (option 3), primarily due to potential biases and vested interests, the collective feedback often provides valuable insights.
In summary, the correct answer to the reasons for involving employees in the control self-assessment process is options 1 and 4, which corresponds to answer D: (1) Employees become more motivated to do their jobs right, and (4) Managers want feedback from their employees.