At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
Option (c) internal controls is the correct answer. Internal controls in any organization help ensure that the information is correct.
Internal controls are the processes and records that ensure the integrity of accounting and financial information and prevent the companies from producing the incorrect information, and protect data from being stolen.
When information related to finance is processed, a number of internal controls are performed to check if the provided information is correct, complete and authorized. They make sure that provided information is in accordance with approved standard and measures.
To ensure that the information is correct, internal controls involve following processes:
- Perform proper authorization of transactions and activities
- Managing adequate documents and records
- Establishing physical control over assets and records and
- Having independent checks on performance.
While the other options (a) transactions, (b) documents, and (d) data transmissions are incorrect because:
- Transactions: Transaction is money that moves in or out of the organization in order to purchase and deliver services, pay salaries to employees, invest in another business etc.
- Documents: Documents are files of several types that record all the details about a firm's internal and external dealings, management plans and transactions.
- Data transmission: Data transmission refers to the exchange of data between organizations in the form of terms and conditions, agreements, rules and regulations, or policies.
You can learn more about internal control at
https://brainly.com/question/17056417
#SPJ4
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.