Asked by
Amber Lewis
on Nov 14, 2024
Verified
The principles of internal control activities are used
A) in the U.S. but not globally.
B) internationally but not in the U.S.
C) in the U.S. and Canada but not globally.
D) globally.
Internal Control Activities
Procedures and policies designed to safeguard a company’s assets, enhance the reliability of financial reporting, and ensure compliance with laws and regulations.
Globally
Refers to an action or concept considered or applied worldwide.
- Become familiar with the significance of internal controls in the administration of cash and cash equivalents.
- Comprehend the criticality of correct authorization and documentation in the context of the internal control system.
Verified Answer
SS
Learning Objectives
- Become familiar with the significance of internal controls in the administration of cash and cash equivalents.
- Comprehend the criticality of correct authorization and documentation in the context of the internal control system.