Internal Controls are very Important for any Organization because hey will detect the potential frauds and also prevent misleading inancial Statements". y referring to this statement, Explain any 4 major principles of a good nternal Control System and also Differentiate between Internal Control nd Internal Audit by highlighting 4 major classifications.
Internal Controls are very Important for any Organization because hey will detect the potential frauds and also prevent misleading inancial Statements". y referring to this statement, Explain any 4 major principles of a good nternal Control System and also Differentiate between Internal Control nd Internal Audit by highlighting 4 major classifications.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 28CYBK
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!["Internal Controls are very Important for any Organization because
they will detect the potential frauds and also prevent misleading
Financial Statements".
By referring to this statement, Explain any 4 major principles of a good
Internal Control System and also Differentiate between Internal Control
and Internal Audit by highlighting 4 major classifications.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd9fd96a5-d4d5-408c-a754-465db6cc2671%2Ff47726ae-b5c7-4285-9fcc-f36452208ee4%2F7gakw23_processed.jpeg&w=3840&q=75)
Transcribed Image Text:"Internal Controls are very Important for any Organization because
they will detect the potential frauds and also prevent misleading
Financial Statements".
By referring to this statement, Explain any 4 major principles of a good
Internal Control System and also Differentiate between Internal Control
and Internal Audit by highlighting 4 major classifications.
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