Discuss the role of internal controls in managing a business. - Internal control systems provide reasonable assurance
Question:
Discuss the role of internal controls in managing a business.
- Internal control systems provide reasonable assurance that the company's objectives are being met in three areas:
- effectiveness and efficiency of operations
- reliability of financial reporting
- compliance with applicable laws and regulations
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
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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