Question: Internal Controls is the process effected by an entitys board of directors, management and other personnel to provide reasonable assurance on objectives in operational effectiveness

Internal Controls is the process effected by an entitys board of directors, management and other personnel to provide reasonable assurance on objectives in operational effectiveness and efficiency, applicable laws and what two others? ( can be more then one )

		Financial reporting reliability
		Risk management
		Internal Audit
		Regulation Compliance

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 General Management Questions!

The scribes of ancient Egypt were the forerunners of today's accountants. a. True b. False Possible Exam 1 Questions Chapter 1: 3. The scribes of ancient Egypt were the forerunners of today's...

. Exhibit 2.3 in your textbook provides a summary of important cases of fraudulent financial reporting over the past 20 years.How has Sarbanes--Oxley affected the incidence, or frequency, of...

Research Paper: Topic: Why did the traditional financial risk approaches, methods, and tools fail in the financial market meltdown of 2008 - 2009? Discuss questions DQ #1: How has fair value...

The Committee of Sponsoring Organizations' COSO Report: Internal Control: Integrated Framework defines internal control as a process, effected by an entity's board of directors, management and other...

1. Compare the misstatement rate between Big4 auditors and Non-Big 4 auditors. (10pts) 2. Compare the misstatement rate between companies with material internal control weakness(es) and companies...

3. Write-up: Describe the relation between material internal control weaknesses and misstatements. Why is there such a relation between material internal control weaknesses and misstatements? Tip 3:...

The following are true statements about internal control EXCEPT? Select answer from the options below Internal control encompasses all of the elements of an organization. Internal control helps an...

Internal Control Definition. According to the COSO report, Internal control is a process, effected by an entity's board of directors, management and other personnel, designed to provide reasonable...

In its second year of operations, Memories, Inc. has decided to expand the product line by producing replicas of historic buildings. These replicas will require the purchase of new building molds at...

During one week the NASDAQ Composite went from 2,260.63 to 2,246.69, while the NASDAQ 100 Index went from 1,701.70 to 1,683.35. Which index showed the greater loss?

Put yourself in the shoes of a small business and explain how you can use QuickBooks to make your life easier. What features would you use and what tools would you use.

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...