ACCOUNTING I Dersi Internal Control and Cash soru detayı:
SORU:
How would you define internal control?
CEVAP:
Internal control is a managerial task and responsibility to ensure that all of the activities of a company are under the management control. Internal control can be defined as a plan and a system of control procedures designed and implemented by the management and the board of directors. Management should constitute a control structure to safeguard assets, ensure accurate and reliable accounting records and comply with legal requirements.