Internal control is the organizational plan that companies use to protect their assets and records.

Name: Internal control is the organizational plan that companies use to protect their assets and records.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Internal control refers to the processes and procedures implemented by an organization to safeguard its assets, enhance the reliability of its accounting records, ensure compliance with laws and regulations, and achieve effective and efficient operations.

Internal Control Is the Organizational Plan That Companies Use to Protect