The stronger the system of internal control, the higher the accuracy of the company's accounting records and financial reports.

Name: The stronger the system of internal control, the higher the accuracy of the company's accounting records and financial reports.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

This statement is true. A strong system of internal control ensures that transactions are properly authorized, recorded and reported, therefore leading to more accurate accounting records and financial reports.

The Stronger the System of Internal Control, the Higher the Accuracy