Major Internal Control

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Issue:

Business

 

Written by:

Wallace B

 

Date added:

January 27, 2015

 

Level:

 

Grade:

A

 

No of pages / words:

5 / 1236

 

Was viewed:

3039 times

 

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Essay content:

Good accounting controls help maximize efficiency; they help minimize waste, unintentional errors, and fraud. There are five key elements of internal control: environmental control, risk assessment, control procedures, monitoring and information and communication. Each area contributes an essential part of the control system in accounting information system as a whole, and without all of the key elements present, the controls and control system doesn’t work...
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Each area contributes an essential part of the control system in accounting information system as a whole, and without all of the key elements present, the controls and control system doesn’t work. Environmental Control The environmental control refers to management and employee attitude and behavior...
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