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Internal control system reduces the possibility of occurrence of employee fraud and management fraud An effective internal control system can help reduce the risk of both employee fraud and management fraud. For employee fraud, the system can establish clear policies and procedures for financial transactions and record-keeping, communicate these to all employees, and include monitoring and oversight mechanisms. For management fraud, the system can establish a culture of integrity and ethical behavior, ensure that management is held accountable for their actions, and implement checks and balances to prevent abuse of power.
Which of the following transactions is capital expenditure?
As per AS-3, these activities are to be classified into following categories. Identify correct categories.
1. Operating,
2. Non Operating<...
What does “Inhwa” in management perspective refer to?
What is the limit of UPI transaction for insurance?
Which ICDS deals with Accounting Policies?
Which term refers to the specific rate of interest carried by a bond?
Which of the following represents ownership in a company?
What is the taxable event under GST?
Underwriting commission for issue of shares, shall not exceed:
Audit of accounts by the staff of the business is known as: