
Ethical Obligations and Decision-Making in Accounting 2nd Edition by Steven Mintz, Roselyn Morris
Edition 2ISBN: 0078025281
Ethical Obligations and Decision-Making in Accounting 2nd Edition by Steven Mintz, Roselyn Morris
Edition 2ISBN: 0078025281 Exercise 15
Step-by-step solution
Step 1 of 2
Ethics:
Ethics is the set of some moral values and principal that differentiate right and wrong morally.
Internal control:
Internal control is the process designed by the management to achieve the following objectivities:
• Effectiveness of the operations and rescue the risk of assets loss.
• Reliability of financing and non-financing external and internal reporting.
• Follow the applicable rules, regulations, and laws.
Audit:
The audit is the process of checking the financial statements of a company `to ensure that it is 100% authentic and free from any kind of bias or fraud.
Step 2 of 2
Ethical Obligations and Decision-Making in Accounting 2nd Edition by Steven Mintz, Roselyn Morris
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