Identify and State the Historical Significance of the Following

question 67

Essay

Identify and state the historical significance of the following:
-National Endowment for the Arts

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Definitions:

Internal Controls

Procedures and policies implemented by a company to safeguard its assets, ensure accurate and reliable financial reporting, and promote compliance with laws and regulations.

Auditors

Professionals who examine and verify a company's financial statements and records for accuracy and compliance with laws and regulations.

Internal Control

Procedures and practices implemented by a company to safeguard assets, ensure accurate financial reporting, and promote compliance with laws and regulations.

Cash Receipts

The collection of money, including coins, notes, and electronic transfers, received by a business during its normal operations.