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Summarize your ideas about internal controls.

An introduction to internal controls, explaining in your own words the two primary goals of internal control

A description of how the Sarbanes-Oxley Act of 2002 has affected internal controls

An explanation of why a company that announces deficiencies in its internal controls would probably experience a fall in the price of its stock

A synopsis of what you consider to be the limitations of internal controls - Cite specific examples.

A comparison of the internal control principles of (1) establishing responsibility, (2) using physical, mechanical, and electronic controls, (3) segregation of duties, and (4) independent internal verification.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9276049

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