The main purposes of internal controls include:
A) prevention of error,theft,and fraud.
B) promotion of efficiency.
C) ensuring compliance with laws and regulations.
D) all of the answers are acceptable.
Correct Answer:
Verified
Q31: Your company writes a cheque for $967.Which
Q32: Internal controls are concerned with:
A)only manual systems
Q33: If a company's records show a different
Q34: A bank reconciliation is an internal report
Q35: NSF cheques are recorded as accounts payable.
Q37: What has been the main thrust of
Q38: Your company makes a bank deposit of
Q39: Which of the following is not stated
Q40: DigDug Corporation had outstanding cheques totalling $5,400
Q41: Which of the following is/are true?
A)The primary
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