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The COSO study defines internal control in a way that controls should provide reasonable assurance that objectives of the firm are achieved for each of
The COSO study defines internal control in a way that controls should provide reasonable assurance that objectives of the firm are achieved for each of the following
- Effectiveness and efficiency of operations.
- Reliability of financial reporting.
- Prevention of all fraudulent acts by employees or others.
- D) Compliance with applicable laws and regulations.
Management's ability to monitor and control business operations is greatly improved with a computerized accounting system because of all but which one of the following?
- Computers provide more rapid access to information
- Computers allow data to be presented in many different reports and formats
- Computers provide access to large quantities of information
- Data entry errors are always discovered in the early stages
- None of the above
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