Internal controls are policies and procedures defined by the management to ensure the smooth functioning of the business processes. Internal controls ensure the complete and correct accounting and safeguards to the assets. To choose: the correct statement about control deficiencies.

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Chapter 7, Problem 7.30MCQ

To determine

Concept Introduction:

Internal controls are policies and procedures defined by the management to ensure the smooth functioning of the business processes. Internal controls ensure the complete and correct accounting and safeguards to the assets.

To choose: the correct statement about control deficiencies.

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