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Essay specific features
Written by:
James S
Date added:
May 20, 2013
Level:
University
Grade:
C
No of pages / words:
4 / 1002
Was viewed:
10051 times
Rating of current essay:
Essay content:
Controls within an entity are meant to promote efficiency and effectiveness. Section 404 requires public companies to include a report about the effectiveness of controls in their annual form 10-k. Internal controls are designed to achieve all three objectives.
Management is responsible for making sure that the financial statements are in accordance with GAAP requirements...
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Controls with in an organization promote the efficiency and effectiveness of company operations. Controls provide assurance to ensure that a company is producing accurate financial and non-financial information for correct decision making. Internal controls provide assurance that a company performs within accordance with laws and regulations...
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