System of internal accounting control

Assignment Help Accounting Basics

Reference no: EM13128482

The FCPA requires that a system of internal accounting control:

a) guarantees that profits are correctly stated in a firm's audited financial statements.

b) provides absolute assurance that transactions are executed only in accordance with management's authorization.

c) provides reasonable assurance that access to assets is permitted only in accordance with management's authorization.

d) ensures the long-run profitability of an organization

Reference no: EM13128482

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