Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

thank you The importance of internal control to management and auditors has been recognised for many years. Which of the following is likely to be

image text in transcribed

image text in transcribed

thank you

The importance of internal control to management and auditors has been recognised for many years. Which of the following is likely to be cited as a major factor contributing to this importance? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a The operations of the business entity have become so unwieldy that management must rely on the chief financial officer to effectively control operations b Checks and reviews protect against employee collusion and reduce the chance of employee fraud c Internal control procedures must be utilised to maintain accurate accounting records d It is impractical for auditors to audit most companies within economic fee limitations without relying on the client's system of internal controls

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

13th edition

1285868781, 978-1285868783

More Books

Students also viewed these Accounting questions

Question

-x/2 x/4 If A = -x/2 and A-1 =6 then x equals

Answered: 1 week ago