Examlex
Modified Multiple Choice An operating system coordinates the activities of ____.
Internal Control
Initiatives and standards implemented by a firm to assure the correctness of financial and accountancy details, encourage integrity, and obstruct fraudulent activities.
Journal Entries
The method by which all business transactions are initially recorded, using a system of debits and credits, to maintain the financial records of an entity.
Segregation Of Duties
A key internal control that prevents fraud and errors by ensuring that no single individual has control over all aspects of a financial transaction.
Custody
The protective care or guardianship of someone or something, often referring to the control over assets or minors.
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