Adjusting entries must be prepared in a way that fairly presents the company's operations and financial condition.

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Question:

An internal control system is not necessary to ensure that all necessary adjustments are accounted for.

Which of the statements describe ethics and internal controls relating to adjusting entries?

a. true, false

b. false, false

c. true, true

d. false, true

Related Book For answer-question

Auditing A Risk Based Approach

ISBN: 9780357721872

12th Edition

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

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Posted Date: Nov 13, 2023 05:07 AM

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Adjusting entries must be prepared in a way that fairly presents the company's operations and financial condition.

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Auditing A Risk Based Approach

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