FIN 590 Wk 3 Discussion – Internal Controls

FIN 590 Wk 3 Discussion – Internal Controls

FIN 590 Wk 3 Discussion – Internal Controls

Internal controls are a set of policies and procedures, which are created to ensure consistent reliability of accounting systems. Internal control procedures in accounting are typically divided into seven categories, for the purpose of fraud prevention and recognition of errors before they emerge as problems.

  • Briefly discuss each of the seven internal controls.

FIN 590 Wk 3 Discussion – Internal Controls

FIN 590 Wk 3 Discussion – Internal Controls

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