Asked by Jacqueline Piedra on May 25, 2024
Verified
Employees of a company who evaluate the effectiveness of the company's system of internal controls on a year-round basis are called ______________.
Internal Controls
Procedures and policies implemented within an organization to safeguard its assets, enhance the reliability of accounting records, and increase efficiency.
Effectiveness
A measure of the degree to which objectives are achieved and the extent to which targeted problems are solved, without necessarily considering the resources used.
- Comprehend the roles and responsibilities of employees in upholding internal controls.
Verified Answer
BR
Learning Objectives
- Comprehend the roles and responsibilities of employees in upholding internal controls.