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What is the purpose of internal controls? Companies use strong internal controls to guarantee that...

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Accounting

What is the purpose of internal controls?
Companies use strong internal controls to guarantee that loss is eliminated.
To help managers know if the business is receiving the assets and-services it has paid for. Internal controls are used by managers as a way to reduce outstanding customer balances.
Managers utilize internal controls as a basis of employe performance reviens.zzz I Hy
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