Internal control is the process designed and implemented by management to help their organization achieve reliable financial reporting.

Name: Internal control is the process designed and implemented by management to help their organization achieve reliable financial reporting.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Internal control is a process initiated by an organization's management, designed to ensure the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with applicable laws and regulations.

Internal Control Is the Process Designed and Implemented by Management