The objectives of any system of internal control are:
A.
The purpose of internal controls is to manage and control risk appropriately rather than to eliminate it.
B.
Facilitate its effective and efficient operation by enabling it to respond appropriately to significant business, operational, financial, compliance and other risks to achieving the company's objectives.
C.
Help ensure the quality/reliability of internal and external reporting.
D.
Help ensure compliance with applicable laws and regulations, and also with internal policies with respect to the conduct of businesses.