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Answer to Question #72382 in Accounting for Brodie
Question #72382
FNSACC506 3
A: The board is concerned about the internal control procedures currently in place. Why is it important that these be reviewed and, if necessary, modifications made?
B: Why is it necessary for boards to delegate financial responsibilities or accountabilities? Is there a difference between responsibility and accountability in this context
A: The board is concerned about the internal control procedures currently in place. Why is it important that these be reviewed and, if necessary, modifications made?
B: Why is it necessary for boards to delegate financial responsibilities or accountabilities? Is there a difference between responsibility and accountability in this context
Expert's answer
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#340153 on Dec 2023
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