Question: Internal control within a company involves everything that controls the risks to the organization. This might involve reliable financial reporting, accurate feedback, compliance with laws

Internal control within a company involves everything that controls the risks to the organization. This might involve reliable financial reporting, accurate feedback, compliance with laws/regulations or achieving strategic goals. There are three types of controls: preventive, detective, and corrective. Using the company where you have been employed:Using the company where you have been employed, do the following:Discuss at least one control in each of these three categoriesReflect on how enterprise risk management would influence the internal controls you identified

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!