Accounting-establishing internal controls

Accounting-establishing internal controls

How might a company determine if the internal controls are effective? Looking for an explanation in about 125-150 or so words



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Internal controls systems’ objectives at the organization level relate to reliability of strategic goals, financial reporting, compliance with the law and regulations, and timely feedback on major achievements of operation goals. One way the organization can determine the effectiveness of internal control is through risk assessment. It is a fact that organization is normally faced with a number of risks from…


157 words


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