Internal control is used in a business to enhance the accuracy and reliability of its accounting records

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Internal control is used in a business to enhance the accuracy and reliability of its accounting records and to:

a. safeguard its assets.

b. prevent fraud.

c. produce correct financial statements.

d. deter employee dishonesty.

(SQ 2)

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:09 AM

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Internal control is used in a business to enhance the accuracy and reliability of its accounting records

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Financial Accounting

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