Accountancy, asked by Vishaladoor3966, 11 months ago

Define internal control and explain its major components

Answers

Answered by RapMonster1994

✔✅ In an “effective” internal control system, the following fivecomponents work to support the achievement of an entity's mission, strategies and related business objectives. 1. ControlEnvironment. Integrity and Ethical Values. Commitment to Competence.

Answered by Anonymous

In an “effective” internal controlsystem, the following five componentswork to support the achievement of an entity's mission, strategies and related business objectives. 1. ControlEnvironment. Integrity and Ethical Values. Commitment to Competence.

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