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What is the primary role of internal controls in managing a business?
a. to prevent cash from being stolen
b. to ensure that the financial statements are presented in such a manner as to provide relevant and relaible information for financial statement users and the companys creditors
c. To constrain subordinates activities in order to prevent employees from deviating from the scope of their responabilities and encouraging them to act in the best interest of the business.
d. to encourage theft and to ensure that segration of duties does not take place
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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