Explain the Meaning of "Internal Control" and Distinguish Between Administrative

question 138

Essay

Explain the meaning of "internal control" and distinguish between administrative controls and accounting controls.

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Definitions:

Atomic Open Sentence

In logic, an open sentence containing no quantifiers or connectives, which may become a proposition when variables are substituted.

Compound

A substance formed from two or more elements chemically united in fixed proportions; or, in a linguistic context, a term made up of two or more words functioning as a single unit.

Atomic

Constituting an undivided whole; elementary, with reference to particles or concepts.

Truth-functional Compound

A complex proposition in logic that is made up of simpler propositions and whose truth-value depends solely on the truth-values of these simpler propositions.