Each financial activity requires specific,relevant control techniques.

Name: Each financial activity requires specific,relevant control techniques.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Each financial activity has its own risks and challenges, so specific and relevant control techniques need to be implemented to mitigate those risks and challenges. For example, cash flow management may require techniques like budgeting and forecasting, while fraud prevention may require techniques like internal controls and audits.

Each Financial Activity Requires Specific,relevant Control Techniques