Answered: Which is not among the principles…

Business

Accounting

Which is not among the principles contained in the development of the science of internal control? *

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.

Question

Which is not among the principles contained in the development of the science of internal control? *

fraud prevention

supervisory review

preventive controls are the best forms of control

ensure objectives are met

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