Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. list the components of internal control. briefly d

List the components of internal control. Briefly describe each component. Component Description Affirmative action Control...

50.1K

Verified Solution

Question

Accounting

image
image
List the components of internal control. Briefly describe each component. Component Description Affirmative action Control environment Control procedures Employee education Information system Monitoring of controls Risk assessment List the components of internal control. Briefly describe each component. Component Description Accurate information is essential for success in business. Auditors can monitor a company's actions and its financial statements. Each company must evaluate its own risks, based upon its particular line of business. Specific procedures are needed for a good system of internal control. Top managers must set the "tone at the top" to establish a control environment Top managers distribute information to customers and employees. Top managers control the workload of employees

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In doing a five-year analysis of future dividends, the Dawson Corporation is considering the following two...

Finance
Q

10) Create a java program that will ask for name and age with method age where...

Programming
Q

In 4-5 sentences, please answer the following quiz question below. How does Fanon’s sociogeny provide us...

Psychology
Q

True or False? The data in the table below depict y as an exactly exponential function...

Advance Math
Q

Three identical balls of rubber aluminum and steel are dropped from the same height on...

Physics
Q

Solve for w.|6w-18|=-6If there is more than one solution, separate them with commas.If there is...

Basic Math
Q

7 A sample of 106 body temperatures has a mean of 98 20 F Assume...

Statistics
Q

K Let P t be the population in millions of a certain city t years...

Calculus
Q

d BC CB given that B 8 0 81 and C 8 6 6 9...

Algebra
Q

In one class homework is worth 15 of the final grade each of 3 projects...

Algebra
Q

Security, Inc, opened an office in Cottage Grove, Minnesota. Security incurred the following costs in...

Accounting
Q

Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has...

Accounting