Question: Internal control at any organization is important because: It helps to safeguard assets, including cash It regularly report processes or operations that are suspected of

Internal control at any organization is important because:

It helps to safeguard assets, including cash

It regularly report processes or operations that are suspected of being negative for the organization

It reduces the opportunity for financial statement fraud

It reduces the chances of business failure due to fraud

All of the other alternatives are correct

Check my work

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!