Internal Control: Internal control is measure which ensures the safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate accounting records. To determine: 1. The most important objective of internal control. 2. The objective of internal control which must be accomplished for the survival of business.

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Chapter 8, Problem S8.1SE

To determine

Internal Control:

Internal control is measure which ensures the safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate accounting records.

To determine:

1. The most important objective of internal control.

2. The objective of internal control which must be accomplished for the survival of business.

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