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The COSO Report Identifies the Objectives to Be Achieved by Internal

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Essay

The COSO report identifies the objectives to be achieved by internal control as (1)effectiveness and efficiency of ____________________________,(2)reliability of ___________________________________,and (3)compliance with ____________________ and ____________________________.


Definitions:

Office Supplies

Items used regularly in an office for writing, printing, filing, or cleaning, regarded as consumable materials.

Journalize

The act of documenting monetary transactions within a journal during a stage in the accounting cycle.

Dividends

Payments made by a corporation to its shareholders, often as a distribution of profits.

Journal Entry

A record in accounting that notes the debit and credit transactions affecting a company's financial statements.

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