What does the concept of reasonable assurance mean with respect to an internal control system?

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What does the concept of ‘reasonable assurance’ mean with respect to an internal control system?

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Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

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Question Posted: Aug 20, 2023 06:48 AM

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What does the concept of reasonable assurance mean with respect to an internal control system?

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The concept of reasonable assurance in the context of an internal control system refers to the level of confidence that an organizations controls are designed and operating effectively to achieve spec...View the full answer

Financial Accounting An Integrated Approach

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