Question: Tell why an effective internal control system is necessary and what it is expected to accomplish. Give examples of internal controls designed to protect -

Tell why an effective internal control system is necessary and what it is expected to accomplish. Give examples of internal controls designed to protect - a company's cash, its inventory, and the integrity of its financial reports.

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An effective internal control system is necessary for several reasons 1 Safeguarding Assets It helps protect a companys assets from theft fraud or mis... View full answer

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