Controls in Accounting

An accounting policy that identifies tools to reduce risk and defalcations (theft, improper financial results).

Bookkeeping – Controls in Accounting (Lesson 95)

Controls in Accounting

Just as manufacturing uses controls to ensure quality of product, controls are used in accounting to generate accurate information, maintain security over assets and comply with Generally Accepted Accounting Standards. The company implements various controls to assure accurate and timely information. 

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