Examlex
The AICPA professional standards identify all of the following internal control components EXCEPT:
Incorporation Fees
Charges associated with the legal process of forming a corporation, including filing necessary documents with the government.
Common Stock
Common stock signifies ownership in a corporation, granting holders a vote in corporate matters and a portion of the company's earnings via dividends.
Treasury
The department within a government or corporation responsible for managing monetary assets and debt obligations.
Preferred Stock
A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with predetermined dividend payments.
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