Answered: Comment on the effectiveness of this…

Business

Accounting

Comment on the effectiveness of this organizational structur

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

An organization’s internal audit department is
usually considered an effective control mechanism for evaluating the organization’s internal
control structure. The Birch Company’s internal
auditing function reports directly to the controller. Comment on the effectiveness of this organizational structure

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