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Effective internal control procedures are important to accomplish all of the following except: A) protecting your...

Effective internal control procedures are important to accomplish all of the following except:

A) protecting your customers B) safeguarding your assets C) ensuring accurate accounting records D) complying with local, state and federal regulations

Business   Accounting   
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Answer #1

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Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.

It also includes safeguarding of assets.

So, the correct answer is (A). Protecting your customers.

Please give a thumbs up. Thankyou...

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