
Which ONE of the following is a reason why organisations need to have an effective system of control?
To help the organisation in …..
Select ONE answer:
- maximising its profitability
- managing its assets and liabilities
- cutting down the time needed for the audit
- complying with laws and regulations
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 4
- Not correct
- Not correct
- Not correct
- Correct => Complying with laws and regulations is a primary reason why organisations need an effective system of control. The other options may result from that effective internal control system.

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