Which one of the following is not an objective of a system of internal controls? a. safeguard company assets. b. enhance the accuracy and reliability of accounting records c. fairness of the financial statements. d. reduce the risks of errors

The option that is not an objective of a system of internal controls is C. Fairness of the financial statements.

It should be noted that internal controls simply refer to the rules and regulations that are required for an organization to be able to run effectively.

Some of its objectives include safeguarding company assets, enhancing the accuracy and reliability of accounting records, and reducing the risks of errors. On the other hand, the fairness of the financial statements isn't an objective.

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c. Fairness of the financial statements.

Explanation:

Internal controls are rules, regulations, procedures that are required for the business organization to run the organization in a smooth manner.

There are various objective of internal control system which are as follows:

1. To safeguard the company assets

2. Motive the employees to follow up the policy of the business organization

3. Encouraging business performance

4. Make accounting records more accurate and reliable

5. The chances of errors risk got reduced

6. Meet statutory requirements and so on

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