3 Questions
What is the purpose of internal controls?
To achieve business objectives and mitigate risk
Where do control activities occur within the enterprise?
Throughout the enterprise, at all levels and in all functions
What do control activities include?
Verifications, reconciliations, and reviews of operating performance
Test your knowledge of internal controls, including policies, procedures, and organizational structures designed to achieve business objectives and mitigate risks. Explore the key aspects that controls should address in enterprises.
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