Answered: In your own words, why are internal…

In your own words, why are internal controls important? Why do you think Congress has made it mandatory for public companies to not only implement internal controls, but have them regularly audited?

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter3: Internal Control Issues

Section3.7: Saks Fifth Avenue

Problem 2Q

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In your own words, why are internal controls important? Why
do you think Congress has made it mandatory for public
companies to not only implement internal controls, but have
them regularly audited?

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