Questions: Select all that apply Administrative internal controls are concerned with evaluating performance ensuring reliable accounting records compliance with company policies safeguarding company assets compliance with public laws

Select all that apply
Administrative internal controls are concerned with 
evaluating performance
ensuring reliable accounting records
compliance with company policies
safeguarding company assets
compliance with public laws
Transcript text: Select all that apply Administrative internal controls are concerned with $\qquad$ evaluating performance ensuring reliable accounting records compliance with company policies safeguarding company assets compliance with public laws
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Solution

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Answer

The answers are:

  • evaluating performance
  • compliance with company policies
  • compliance with public laws
Explanation
Option 1: Evaluating performance

Administrative internal controls often involve evaluating performance to ensure that operations are efficient and effective. This includes assessing whether resources are being used optimally and whether the organization is meeting its objectives.

Option 2: Ensuring reliable accounting records

This is typically more related to accounting or financial internal controls rather than administrative controls. Administrative controls focus more on operational aspects rather than the accuracy of financial records.

Option 3: Compliance with company policies

Administrative internal controls are designed to ensure that employees and operations comply with the company's internal policies and procedures. This helps maintain order and consistency within the organization.

Option 4: Safeguarding company assets

While safeguarding assets is a critical aspect of internal controls, it is more closely associated with financial and operational controls rather than purely administrative controls.

Option 5: Compliance with public laws

Administrative internal controls also ensure that the organization complies with applicable laws and regulations, which is crucial for maintaining legal and ethical standards.

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