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H3Ko H3Ko
wrote...
Posts: 4891
7 years ago
Before any internal control procedure is initiated, which of the following questions must be primarily addressed by a company?
A) Is this the best security money can buy?
B) Will this put an end to theft?
C) Will this prevent accounting errors?
D) How much benefit will be derived from the cost of the procedure?
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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.unplugged..unplugged.
wrote...
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Posts: 1272
7 years ago
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H3Ko Author
wrote...
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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