Accounting Principles Internal Controls
Accounting principles internal controls refer to the policies and procedures established by a company to ensure the accuracy and reliability of its financial information. These controls are designed to safeguard assets, prevent fraud, and maintain compliance with laws and regulations. They involve methods for authorizing transactions, recording financial data, and monitoring the activities of employees. Internal controls play a crucial role in maintaining the integrity of a company's financial reporting and are essential for effective risk management.
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