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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

Solutions

Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

What is the meaning of internal control?

To determine

State the meaning of internal control.

Explanation

Internal control:

Internal control is a process that provides reasonable guarantee of attaining;

  • Continuous reliability of accomplishment of a company’s objectives, related to effective and efficient operations.
  • Consistent financial reporting,
  • Conformity with laws and regulations...

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