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Which of the following is NOT correct for kcₐt?
Maximum Cash Balance
The highest amount of cash that a company aims to hold at any given time.
Internal Control
Protocols and processes designed by a business to secure the authenticity of its financial and accounting information, enhance accountability, and impede fraudulent operations.
Control Environment
The set of standards, processes, and structures that provide the foundation for carrying out internal control across the organization.
Proofs And Security Measures
Protocols and systems implemented to protect data, transactions, and assets against unauthorized access, theft, or modification.
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