Question
Internal control cannot be designed to provide reasonable assurance that Fraud will be eliminated. The recorded accountability for assets is compared with the existing assets
Internal control cannot be designed to provide reasonable assurance that
Fraud will be eliminated.
The recorded accountability for assets is compared with the existing assets at reasonable intervals.
Transactions are executed in accordance with managements authorization.
Access to assets is permitted only in accordance with managements authorization.
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
6th Edition
0324655231, 978-0324655230
