What is ACCOUNTING CONTROLS?

Procedures in an organization that protect assets, manage transactions, ensure accuracy, and monitor payments. This all ensures the validity of a companies accounting records. Refer to segregation of duties.

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Related Legal Terms
MARKETING CONTROLS, ACCOUNTING POLICIES, ACCOUNTING CONTROL SYSTEM, EXCHANGE CONTROLS, FINANCIAL ACCOUNTING, ACADEMY OF ACCOUNTING HISTORIANS, CONSTANT VALUE ACCOUNTING, GOVERNMENT ACCOUNTING, REPLACEMENT COST ACCOUNTING, ACCOUNTING STANDARDS BOARD (ASB)


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