Accounting-Purpose of internal control

Accounting-Purpose of internal control

What do you think some of the costs related to establishing controls are?  When do the costs outweigh the benefits?

Looking for an explanation in about 125-150 words




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Internal controls are quite important in organizations as they assist management in controlling operations. For example, an accounting internal control will ensure that all transactions are authorized, recoded and access to specific assets restricted. There are costs that are related to establishing such controls. For example…


130 words


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