Examlex
Select the letter of the correct answer. Which of the following is the most effective way to increase your awareness of the errors you tend to make?
Internal Control
Methods and rules a company adopts to maintain the accuracy of financial and accounting data, encourage responsibility, and stop fraudulent activities.
Establishing Control Procedures
The process of implementing policies and procedures to ensure that an organization's objectives are achieved efficiently and effectively, reducing the risk of fraud or error.
Cash
Money in the form of physical currency, such as banknotes and coins, which can be used immediately for transactions.
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