Answered: Describe how internal control systems…

Business

Accounting

Describe how internal control systems help organizations achieve objectives and respond to risks.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 2DQ

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Question

Describe how internal control systems help organizations achieve objectives and respond to risks.

Processes and procedures involved in achieving the organizational goals and objectives for the daily operations of a company. Control systems involve all the operational control systems, their implementation, and strategic control processes.

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