Answered: In your own words, why are internal…

In your own words, why are internal controls important? Why do you think Congress has made it mandatory for public companies to not only implement internal controls, but have them regularly audited?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11MC: Which of the following is true about the Sarbanes-Oxley Act? A. It was passed to ensure that...

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In your own words, why are internal controls important? Why
do you think Congress has made it mandatory for public
companies to not only implement internal controls, but have
them regularly audited?

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