Explore BrainMass

Explore BrainMass

    Internal Control, Preliminary Analytical Procedures

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    1. Internal control is a process effected by an entity's board of directors, management, and other personnel that is designed to provide reasonable assurance regarding the achievement of objectives. (True/False)

    2. What are the two main objectives for conducting preliminary analytical procedures?

    © BrainMass Inc. brainmass.com June 3, 2020, 11:39 pm ad1c9bdddf

    Solution Preview

    1 - True
    2 - Analytical Procedure involves the computation of ratios and other comparisons of recorded amounts ...

    Solution Summary

    The solution confirms Internal control definition and identifies main objectives for conducting preliminary analytical procedures.