Fundamental Accounting Principles -Hardcover
Fundamental Accounting Principles -Hardcover
22nd Edition
ISBN: 9780077632991
Author: Wild
Publisher: MCG
Question
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Chapter 8, Problem 1BPSB
To determine

Introduction:

Internal Control:Internal control is the measure or practice designed by the company to review and monitor whether the activities of the business adheres to the standard policies and procedures established to ensure the accuracy and reliability of accounting systems.Internal Control is very important in any business that helps in minimising risk of frauds and errors and also to create value to the business.

Requirement-1:

To identify:

The violation of principles of internal control and to recommend the suggestions to be followed by the business to ensure adherence to principles of internal control.

To determine

Requirement-2:

To identify:

The violation of principles of internal control and to recommend the suggestions to be followed by the business to ensure adherence to principles of internal control.

To determine

Requirement-3:

To identify:

The violation of principles of internal control and to recommend the suggestions to be followed by the business to ensure adherence to principles of internal control

To determine

Requirement-4:

To identify:

The violation of principles of internal control and to recommend the suggestions to be followed by the business to ensure adherence to principles of internal control

To determine

Requirement-5:

To identify:

The violation of principles of internal control and to recommend the suggestions to be followed by the business to ensure adherence to principles of internal control

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