Internal control at any organization is important because: Multiple Choice OIt reduces the chances of business failure due to fraud O It reduces the opportunity for financial statement fraud It helps to safeguard assets, including cash O All of the other alternatives are correct It regularly report processes or operations that are suspected of being negative for the organization
Internal control at any organization is important because: Multiple Choice OIt reduces the chances of business failure due to fraud O It reduces the opportunity for financial statement fraud It helps to safeguard assets, including cash O All of the other alternatives are correct It regularly report processes or operations that are suspected of being negative for the organization
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Internal control at any organization is important because:
Multiple Choice
It reduces the chances of business failure due to fraud
O It reduces the opportunity for financial statement fraud
о
It helps to safeguard assets, including cash
All of the other alternatives are correct
O
It regularly report processes or operations that are suspected of being negative for the organization
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