An internal control system refers to the policies and procedures companies use to protect assets,ensure reliable accounting,promote efficient operations and urge adherence to company policies.
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Q5: The principles of internal control include: establish
Q5: Liquidity refers to a company's ability to
Q6: Once a good system of internal control
Q8: Internal control systems used to monitor and
Q10: Separation of duties divides responsibility for a
Q11: Technology such as cash registers,check protectors,time clocks,and
Q13: Proper internal control means that the responsibility
Q15: The use of internal controls provides guaranteed
Q15: Internal control policies and procedures are the
Q16: Bonding does not discourage employees from stealing
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