internal control procedures must be in the place to ensure that all current peroid's adjustments are delayed and will be recorded within the next accounting peroids.

Internal controls are the measures and procedures that a business puts in place to protect its assets and to guarantee the accuracy of its accounting data. Internal controls ensure that the company's management and financial data comply with the relevant laws.

For accounting data to be accurate, all transactions relating to a particular financial year must be captured in the same year. Delays will be a misrepresentation of accounting information.

ryangaines69 ryangaines69 · Answer 2 · 2021-12-15T16:40:27+01:00

ryangaines69 ryangaines69

15-12-2021

Answer:

Frequency and period are distinctly different, yet related, quantities. Frequency refers to how often something happens. Period refers to the time it takes something to happen. Frequency is a rate quantity.

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internal control procedures must be in the place to ensure that all current peroid's adjustments are delayed and will be recorded within the next accounting peroids.​

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internal control procedures must be in the place to ensure that all current peroid's adjustments are delayed and will be recorded within the next accounting peroids.