Discuss five elements of a good internal control system. - The internal control system includes: - the

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Discuss five elements of a good internal control system.

- The internal control system includes:

- the control environment

- risk assessment

- control activities

- information and communication

- monitoring

- Although we distinguish between the accounting system and the internal control system, the two are really one integrated system designed to meet the needs of a particular business.

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 07, 2024 01:11 AM

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Discuss five elements of a good internal control system. - The internal control system includes: - the

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Cornerstones Of Financial Accounting

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