Asked by
Loreane Calonge
on Nov 01, 2024Verified
A fundamental principle of ______ requires that no one person handles an entire financial transaction.
A) endowments
B) internal control
C) external control
D) data integrity policies
Internal Control
Processes adopted by organizations to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Data Integrity
The accuracy, consistency, and reliability of data throughout its lifecycle, ensuring it remains intact and unaltered from its original state.
- Understand the principles of internal control and its role in safeguarding assets.
Verified Answer
YS
Learning Objectives
- Understand the principles of internal control and its role in safeguarding assets.