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Author Question: It is possible, under certain circumstances, for financial statements to correctly reflect GAAP or ... (Read 126 times)

am7272

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Question 1

It is possible for management to design an ideal and effective system of internal controls for example over the counting of the physical inventory.
◦ true
◦ false

Question 2

It is possible, under certain circumstances, for financial statements to correctly reflect GAAP or IFRS even if internal controls over financial reporting are inadequate.
◦ true
◦ false


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Marked as best answer by am7272 on Aug 21, 2022

hiyayyay

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am7272

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


adammoses97

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Reply 3 on: Yesterday
:D TYSM

 

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