Match the term with the statement that best defines it.
-Controls that are focused more on efficient operation than with correct reporting of information.
A)Accounting controls
B)Accounting system
C)Administrative controls
D)Audit committee
E)Board of directors

Question

Quizplus · Accepted Answer

Administrative controls are focused on efficiency rather than reporting accuracy. Accounting controls are focused on accurate reporting of financial information. Accounting system refers to the software and processes used for financial recording. Audit committee is responsible for overseeing financial audits. Board of directors is the governing body that makes strategic decisions for the organization.

Match the Term with the Statement That Best Defines It