Internal control is a. the act of stealing a businesss assets. b. the process that helps a
Question:
Internal control is
a. the act of stealing a business’s assets.
b. the process that helps a business achieve its objectives, such as operating efficiently and effectively.
c. the reconciliation of the bank’s cash balance to the book’s cash balance.
d. the preparation of fraudulent financial statements.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting
ISBN: 9781292019543
3rd Global Edition Edition
Authors: Robert Kemp, Jeffrey Waybright, Pearson Education
Question Posted: