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  • 19-01-2022
  • Business
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What is the purpose of an internal control system?

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amazingsumarah73
amazingsumarah73 amazingsumarah73
  • 19-01-2022

Answer:

The primary purpose of internal controls is to help safeguard an organization and further its objectives. Internal controls function to minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws.

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