Accountancy, asked by Anonymous, 2 months ago

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define accounting control??​

Answers

Answered by XxMrElash25xX
63

Accounting controls consists of the methods and procedures that are implemented by a firm to help ensure the validity and accuracy of its financial statements.

Answered by llXxMrElashxXll
46

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Accounting control is the manner in which processes are configured to manage risk within an organization. The targets of accounting control are to: Guard against the loss of assets. Ensure that financial statements represent fairly the financial results, position, and cash flows of a business.

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