Warren Abraham is the controller of Media Networks. Warren stated: Media Networks has very strong internal control.

Question:

Warren Abraham is the controller of Media Networks. Warren stated: “Media Networks has very strong internal control. The general ledger must always balance, and this ensures that all transactions are properly transferred to our general ledger.”

Required
What do you think of Warren’s comment? Does a balanced ledger ensure good internal controls?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial Accounting A Focus on Ethical Decision Making

ISBN: 978-0324663853

5th edition

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

Question Posted: