Internal control is used in a business to enhance the accuracy and reliability of its accounting records

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Internal control is used in a business to enhance the accuracy and reliability of its accounting records and to:

(a) safeguard its assets.

(b) prevent mistakes.

(c) produce correct financial statements.

(d) ensure the business never makes a loss.

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Financial Accounting Reporting, Analysis And Decision Making

ISBN: 9780730363279

6th Edition

Authors: Shirley Carlon

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Question Posted: May 09, 2024 08:45 AM

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Internal control is used in a business to enhance the accuracy and reliability of its accounting records

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Financial Accounting Reporting, Analysis And Decision Making

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