Accounting controls include the methods and procedures for authorizing transactions,safeguarding assets,and ensuring the accuracy of the financial records.

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Accounting controls are a set of measures that are designed to ensure the accuracy of financial statements, safeguard assets, and prevent fraud. These controls help to provide reasonable assurance that financial transactions are authorized, recorded accurately, and reported in a timely manner. Examples of accounting controls include segregation of duties, authorization requirements, physical security measures, and monitoring activities.

Accounting Controls Include the Methods and Procedures for Authorizing Transactions,safeguarding