Internal control is a process that provides reasonable assurance concerning reliability of financial information.

Name: Internal control is a process that provides reasonable assurance concerning reliability of financial information.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Internal control is designed to provide reasonable assurance that financial information is accurate, reliable, and timely. It helps to ensure the compliance of laws and regulations, and prevent fraud and errors.

Internal Control Is a Process That Provides Reasonable Assurance Concerning