Business > CASE STUDY > ACC450 W2Assignment.docx ACC450 Problems Week 2 Grantham University Problems Week 2 (All)
ACC450 W2Assignment.docx ACC450 Problems Week 2 Grantham University Problems Week 2
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ACC450 W2Assignment.docx ACC450 Problems Week 2 Grantham University Problems Week 2 ï‚· Chapter 3: 3-41. How does internal control benefit an organization? ï¶Internal control is ben... eficial to an organization because it helps to reduce the risk of not meeting its goals. Internal controls are important not only in public organizations but also in private companies because they provide protection for an organization's properties and reduce the potential for theft and mistakes to go undetected in an organization's everyday operations. 3-42. How are the concepts of risk and internal control related? ï¶The concepts of risk and internal control are related because one is put in place to help identify and the other during financial reporting. Internal control defines and manages risks associated with an organization's objectives. Internal control evaluates risks to goal achievement by taking into account the. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]
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