Internal Controls Are ________

question 174

Multiple Choice

Internal controls are ________.

• A)laws and regulations imposed by the IRS and SEC to ensure the accuracy of financial statements
• B)accounting procedures required by the FASB to ensure the accuracy and reliability of firms' accounting records
• C)policies and procedures the managers of a firm use to protect a firm's assets and the accuracy of its accounting records
• D)rules required by creditors to ensure repayment of liabilities

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Definitions:

Native Americans

Indigenous peoples of the United States, including those who were present in the territory that is now the U.S. before European colonization.

Inclusive Language

Language that avoids biases, slang, and expressions that discriminate against groups of people based on race, gender, socioeconomic status, and other characteristics.

Past Discrimination

Historical instances of unfair or prejudicial treatment towards individuals or groups based on characteristics such as race, gender, or age.

Frequent Travel

Regular and often travel, either for work, leisure, or other purposes.