One of the purposes of internal control is to protect: Select one: a. assets. b. all statement of financial position accounts. c. liabilities. d. None of the answers are correct e. equity.

Auditing: A Risk Based-Approach (MindTap Course List)
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ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
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One of the purposes of internal control is to
protect:
Select one:
a. assets.
b. all statement of financial position
accounts.
c. liabilities.
d. None of the answers are correct
e. equity.
Transcribed Image Text:One of the purposes of internal control is to protect: Select one: a. assets. b. all statement of financial position accounts. c. liabilities. d. None of the answers are correct e. equity.
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