Policies and procedures that are established to protect and manage a company's assets are known as:
A)a record-keeping system.
B)an accounting system.
C)internal controls.
D)management controls.

Question

Quizplus · Accepted Answer

Internal controls are policies and procedures established by a company to safeguard its assets, ensure financial reports are accurate and reliable, promote efficiency, and enforce compliance with policies and regulations.

Policies and Procedures That Are Established to Protect and Manage