Internal control applicable to ________________________ may logically be extended to the entire purchase or acquisition cycle.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Internal control applicable to ________________________ may logically be extended to the entire purchase or acquisition cycle.

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What is Internal Control:

It is the process of assuring the organizations' activities are performed efficiently and effectively in order to achieve the organization's predetermined objectives.

 Effective Internal control aids in preventing fraudulent activities in the organization and promotes accoutability.

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